Standard Life and Aberdeen Asset Management Confirm Merger
Standard Life and Aberdeen Asset Management has confirmed a £11billion merger which could create one of the United Kingdom’s largest fund managers overseeing assets of £660billion. Under the terms of the potential deal, Aberdeen shareholders would own 33.3% and Standard Life shareholders would then own 66.7% of the combined group.
“Standard Life and Aberdeen Asset Management are exploring a £11billion merger which could create one of the United Kingdom’s largest fund managers overseeing assets of £660billion.”
~ The Telegraph
There are fears though that a merger could result in job losses as the combined group reduces cost. It is reported that the deal could provide annual cost savings of £200 million.
About Standard Life
We were established in Edinburgh in 1825. Today we’re an investment company employing 6,300 people – through operations in the UK, Europe, North America, Asia and Australia. And Standard Life plc is listed on the London Stock Exchange with around 1.2 million individual shareholders. We administer £357 billion. We support around 4.5 million customers and clients in 45 countries across the globe. And we support around 25 million more through our Indian and Chinese associate and joint venture businesses.
Visit: Standard Life
About Aberdeen Asset Management
Aberdeen Asset Management is a full-service, pure-play asset management group, focused on meeting the worldwide investment needs of institutions, private investors and the advisers who serve them. Formed in 1983, we operate in 25 countries, managing assets of £302.7 billion as at 31 December 2016. Listed on the London Stock Exchange since 1991, we are one of Europe’s largest public, pure-play investment managers.
Visit: Aberdeen Asset Management
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