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Arbuthnot Banking Group unit completes mortgage portfolio acquisition

Arbuthnot Banking Group PLC unit Arbuthnot Latham & Co. Ltd. completed the acquisition of two residential mortgage portfolios from Raphael Mortgages Ltd. DAC and Magellan Funding No2 DAC.

Following the determination of the final loan balances, the total consideration for the portfolios was set at £258.1 million.