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Tesco to go solo after RBS buyout

Tesco has bought Royal Bank of Scotland out of its Tesco Personal Finance (TPF) joint venture for £950 million.

RBS will continue to supply TPF with financial products to sell but some of those contracts would end within two years.

The deal will give Tesco full control of products ,enabling it to move into products which RBS did not offer.It will enable Tesco to negotiate with other insurers that could offer more competitive products then RBS.

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Tesco to go solo after RBS buyout
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