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Bids, Mergers and Takeovers

FCA, PRA approve Standard Life, Aberdeen merger

25 July 2017 13:17

Standard Life and Aberdeen Asset Management have announced that the Financial Conduct Authority and the Prudential Regulation Authority have confirmed their approval to enable the merger between the two groups to proceed.

The transaction remains subject to certain regulatory approvals in other jurisdictions and to final approval at a Court hearing scheduled for 11 August 2017.

The merger is currently expected to complete on 14 August 2017.

At 1:17pm:

(LON:ADN) Aberdeen Asset Management PLC share price was +7.45p at 324.75p

(LON:SL.) Standard Life PLC share price was +8.3p at 429.7p

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