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Scotland's Standard Life in talks to buy Aberdeen, forming £660b European asset management giant
Merger will help Aberdeen steady itself after significant outflows
Add BT as a preferred sourcePublished Sun, Mar 5, 2017 · 09:50 PM
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London
STANDARD Life Plc, Scotland's largest insurer, is in talks to acquire Aberdeen Asset Management Plc, creating one of Europe's biggest asset managers overseeing £660 billion (S$1.1 trillion).
Under the terms of the potential deal, Standard Life shareholders would own 66.7 per cent of the combined group, according to a joint statement on Saturday.
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