Aberdeen Sells Credit Suisse Funds to Premier

The HeraldJuly 14, 2009

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Summary


ABERDEEN Asset Management is to offload GBP858m of its GBP36bn of funds acquired from Credit Suisse, in a GBP23m deal with Premier Asset Management.

"Given the scale and complexity of the acquisition, it was inevitable that certain parts of the business would be less suited to integration into the Aberdeen business model, " the company said.

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Extract


Aberdeen Sells Credit Suisse Funds to Premier

"The remaining five conventional funds which transferred across...

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