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Barclays Agrees to Buy ING Direct UK’s Mortgages and Assets

Barclays Plc (BARC) said it agreed to buy the deposits, mortgages and business assets of ING Direct UK.

The U.K. lender will buy a deposit book with balances of 10.9 billion pounds and a mortgage book with balances of 5.6 billion pounds, Barclays said in a statement.

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net

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