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UK lender Aldermore says will float on London Stock Exchange

Reuters - UK Focus

LONDON, Sept 22 (Reuters) - British bank Aldermore said on Monday that it would float on the London Stock Exchange (Other OTC: LDNXF - news) in October, aiming to raise 75 million pounds ($122.66 million).

Aldermore, which is partly owned by AnaCap Financial Partners (Other OTC: PGPHF - news) , focuses on lending to small and medium-sized businesses and homeowners. The offer will consist of new and existing shares.

Credit Suisse (NYSE: CS - news) and Deutsche Bank (Xetra: 514000 - news) are leading the listing, while Nomura and Numis are co-lead managers. Lazard is advising. ($1 = 0.6115 British Pounds) (Reporting By Freya Berry; editing by Susan Thomas)