UPDATE 1-Loss-making London Scottish gets takeover approach

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LONDON, June 30 (Reuters) - Britain's London Scottish Bank Plc (LSB.L: Quote, Profile, Research), which wants to get rid of its loss-making consumer lending business to focus on debt collection, said it was in talks with interested parties about a takeover of the company. London Scottish also said in a statement on Monday it was trying to raise at least 45 million pounds ($89.7 million) in equity capital.

"The group's future will depend on the outcome of the process to raise additional equity capital and the discussions with interested parties in relation to a possible offer for the group," it said.

London Scottish shares closed 3.7 percent lower at 6.52 pence to value the company at 9.3 million pounds.

The company also posted first-half results showing its continuing operations made a pretax loss of 7.4 million pounds in the six months to end-April, wider than the 6 million pounds loss made a year earlier.

"The group continues to trade at a loss due to the poor performance of its unsecured consumer credit business, and we expect the poor performance to continue until the restructuring and exit from that business has been effected," chairman Peter Cordrey said. (Reporting by Dan Lalor, editing by Will Waterman)