Vallares, NBNK show cash shells proving the proposition
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Vallares, NBNK show cash shells proving the proposition

Confirmation this week of the £2.5bn acquisition of Kurdish oil group Genel by Vallares and reports that NBNK Investments is in talks to acquire the UK assets of National Australia Bank and could also bid for some Lloyds branches have further proven the cash shell model and could spur new deals, according to bankers.

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