Norwich Union buys 5% stake in Bankhall

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Norwich Union has taken a 5% stake in the intermediary support services provider Bankhall Investment...

Norwich Union has taken a 5% stake in the intermediary support services provider Bankhall Investment Associates. It has acquired the stake from Bankhall's parent company Skandia and has an option to purchase up to a further 4.99% stake by the end of 2003. Bankhall supports more than 2,000 intermediary firms in the UK, representing over 6,000 registered individuals.

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