Aberdeen/Standard Life merger approved by shareholders

14 August completion date

clock • 1 min read

Shareholders of both Aberdeen Asset Management and Standard Life have approved the proposed £11bn merger, which is due to complete on 14 August.

At the firms' general meetings today, Standard Life and Aberdeen shareholders overwhelmingly backed the move with 98.6% and 95.81% of the votes respectively. "I'm delighted our shareholders have voted to support the merger today," said Standard Life chairman Sir Gerry Grimstone. "Our merger with Aberdeen will be one of the most significant events in our near-200 year history, creating a well-diversified world-class investment company," Meanwhile, 94.55% of Standard Life shareholders approved the directors' suggested remuneration policy, compared to 78.6% of Aberdeen voters. Armc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA launches consultation on private stock market

FCA launches consultation on private stock market

Move follows Mansion House commitment

Linus Uhlig
clock 17 December 2024 • 3 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 16 December 2024 • 3 min read
Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read