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Egg - Business Sale
17/03/2004
Bid talks at Egg are faltering after two bidders walked away from the process. One of them is believed to have been Royal Bank of Scotland. The main issue surrounding a deal for Egg is price. Analysts originally thought that Prudential would be able to get about 200p a share for its holding but this now looks increasingly unlikely. Annual figures from the internet bank last month showed that losses had more than doubled to £34m as the group's French division continues to bleed money.

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