Fund managers Standard Life, Aberdeen confirm in merger talks
Standard Life
London - AFP
British fund managers Standard Life and Aberdeen Asset Management confirmed Saturday they were in talks about a possible all-share merger, which reports said could be worth £11 billion ($13.5 billion, 12.7 billion euros).
A merger between the two would create one of the largest fund managers in Britain.
"The potential merger represents an excellent opportunity to leverage Standard Life and Aberdeen's combined strengths to create a world class investment company," they said in a statement.
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