Bank of Scotland Integrated Finance, the UK bank's combined debt and equity unit, has made a £101.8m (€129m) cash bid for Burndene Investments, which makes caravans and women's underwear. It is backing the existing management in a public to private buy-out.

The bid values the UK-listed Burndene at £1.20 per share. Burndene has traded between 57p to £1.21 over the past year.