Aberdeen Asset resists buyer interest to stay independent

London

ABERDEEN Asset Management plc's chief executive officer Martin Gilbert said his firm, under pressure after almost three years of outflows, has resisted interest from competitors from Europe to Australia seeking to buy the asset manager and plans to remain independent.

"I've never tried to sell the business but we do get a lot of people wanting to buy us," said Mr Gilbert in a Bloomberg Television interview with Francine Lacqua. "So far, we have managed to resist. There's been a lot of interest, but being independent is a massive benefit to us."