Asset Management

Standard Life and Aberdeen shareholders back merger

Deal will create an investment powerhouse with around 9,000 employees and £660bn under management

Standard Life and Aberdeen shareholders back merger

Shareholders in Standard Life and Aberdeen Asset Management have overwhelmingly voted to approve the firms' £11.3bn merger, giving the green light to the creation of one of Europe’s largest fund management companies.

Standard Life announced in March that it had agreed to acquire Aberdeen for £3.8bn, forming a company with around 9,000 employees and £660bn in assets under management.

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