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Barclays UK Completes Previously Announced Acquisition of Tesco Bank

  • Barclays UK has completed its acquisition of Tesco Bank's retail banking business.
  • Barclays UK and Tesco Stores Limited have entered into a 10-year strategic partnership to offer financial services to Tesco customers.
  • The acquisition includes credit cards, personal loans, deposits, and operating infrastructure.
  • Tesco Bank will continue to operate under its brand while being owned and managed by Barclays UK.

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