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NatWest Group eyes Sainsbury’s Bank for potential takeover

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Any acquisition would be the lender’s first major deal since its £45bn government bailout in 2008

NatWest Group is eyeing Sainsbury’s Bank for a potential takeover that could mark the lender’s first major acquisition since its bailout in 2008.

The high street lender – formerly known as Royal Bank of Scotland – has approached the grocer for more information about its banking arm, marking preliminary interest in the business, the Guardian understands.

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