ABDNF
Aberdeen Asset Management PLCOTCPK - Current
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Mon, Nov. 28, 8:53 AM
    | Mon, Nov. 28, 8:53 AM
  • Nov. 18, 2013, 2:45 AM
    • Lloyds (LYG) has agreed to sell fund-management unit Scottish Widows Investment Partnership to Aberdeen Asset Management (ABDNF) for up to £660M ($1.06B), with the amount to be paid mainly in stock.
    • Lloyds will receive 132M Aberdeen shares, or 9.9% of the company, which is worth £560M. The remaining £100M will be paid in cash over five years, depending on the performance a new partnership between the two firms in which Aberdeen will manage assets for Lloyds.
    • The deal does not include Scottish Widows, Lloyds' life, pensions and investment business, "which remains core to the group. (PR)
    | Nov. 18, 2013, 2:45 AM