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Ross turning sights abroad

Billionaire buys into UK investment vehicle amid search for deals in Europe

US billionaire investor Wilbur Ross on Thursday said he is looking at making "significant" acquisitions in financial services firms in the UK and in other parts of Europe in coming years, with each deal potentially worth "a few hundred million dollars".

His comments came after he agreed to buy a stake in NBNK Investments, a UK-listed investment vehicle that has tried and failed to make a number of acquisitions in the UK banking industry since it was established for that purpose two years ago.

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