Daily Management Review

With Competition Watchdog’s Approval Standard Life Prods Further Into Acquiring Aberdeen


06/22/2017


The way of the “biggest listed asset manager” of the U.K. is being paved through Standard Life’s “11 billion pound” acquisition deal of Aberdeen.



Stand Life has received a clear signal from the “competition watchdog” of Britain, whereby it can enter into the “11 billion pound deal” of purchasing “Aberdeen Asset Management”. This acquisition will pave the “way for the tie-up” that will give birth to the “biggest listed asset manager” of the country.
 
Markets authority as well as competition watchdog reported that the above mentioned deal will not be subject to “further investigation”. On the other hand, in a joint statement, both the organisations, namely “Standard Life and Aberdeen”, revealed that the said deal that was “announced” in the month of March, is now likely to reach its completion by the 14th of August 2017, although the “regulatory approvals” that are yet to be obtained could be the reason behind any changes to this schedule.
 
 
References:
www.reuters.com







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