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UBS and Cazenove to raise Standard Chartered £1bn

Standard Chartered, the emerging markets bank, has appointed UBS and Cazenove to raise £1.1bn (€1.4bn) through a share sale to help fund its acquisition of Korea First Bank.

The two investment banks are joint lead managers and joint brokers on the sale of 118 million Standard Chartered shares representing a 10% stake in the company.

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