Bank of Scotland Corporate, part of HBOS, has acquired a 40% stake in Tulloch Homes Group in a deal worth £27.5mln (EUR 34mln). Following the transaction, Tulloch's chairman and chief executive David Sutherland will remain the company's largest shareholder with a 43% interest. 'The deal represents a significant development in Tulloch's history, with Sutherland securing a major financial institution in Bank of Scotland as a shareholder to support the Group's future growth aspirations', the company said in a statement.
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