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LONDON, Oct 12 (Reuters) - Lloyds Banking Group-owned Scottish Widows said on Friday it had awarded a 30 billion pounds ($39.74 billion)investment contract to Blackrock , the world's biggest asset manager.

The group said it is near to finalising management arrangements for a further 80 billion pounds in assets and would update the market in due course.

($1 = 0.7548 pounds) (Reporting by Simon Jessop; editing by Lawrence White)