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Last day for EBS bids

THE FINAL bids for embattled building society EBS are expected to be lodged today but the deal could take months before completion.

National Treasury Management Agency (NTMA) boss John Corrigan earlier said he was "extremely frustrated" by the European Commission's involvement in the EBS sale.

The decision of the commission's competition division to open a consultation process on the sale, "where they invited views from every Tom, Dick and Harry around Europe", had ruled out an expedited sale, he said.