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Evening Standard
Evening Standard
Alex Daniel

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders

Tesco Bank is now owned by Barclays (Alamy/PA) -

Tesco is to hand £700 million back to shareholders using the proceeds of a now-completed sale of its banking business to Barclays.

The supermarket giant said the deal will kick off a 10-year partnership with the finance giant, where Tesco branding stays on its banking products while they are supplied by Barclays.

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