UK fund managers Standard Life, Aberdeen agree merger
London economy
London - Arab Today
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British fund management firms Standard Life and Aberdeen Asset Management said Monday that they have agreed to merge, creating a European giant worth some £11 billion ($13.5 billion, 12.7 billion euros). "The Boards of Standard Life plc and Aberdeen Asset Management plc are pleased to announce that they have reached agreement on the terms of a recommended all-share merger," the pair said in a statement. |
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