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Lloyds' planned purchase of MBNA gets UK probe

( March 16, 2017, 16:51 GMT | Official Statement) -- MLex Summary: Lloyds Banking Group's planned purchase of MBNA will be investigated by the UK's Competition and Markets Authority. Lloyds is purchasing MBNA from Bank of America for 1.9 billion pounds. Interested parties are invited to comment by March 30. The regulator will decide by May 16 whether to refer the merger for a phase II investigation.The full text of the statement is below:...

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