The asset management arm of Spanish banking group Banco Santander is one of a small number of parties said to be interested in striking a deal to acquire the private equity unit of abrdn, according to a report by Sky News.
The asset management arm of Spanish banking group Banco Santander is one of a small number of parties said to be interested in striking a deal to acquire the private equity unit of abrdn, according to a report by Sky News.
The report claims that Sky News’ sources expect a deal to be struck between abrdn and a buyer in the next couple of months valuing the division at approximately £250 million.
The unit being sold by abrdn manages investments in private equity funds and is a legacy of Standard Life Investments, whose parent company merged with Aberdeen Asset Management in 2017. The operation had over £12 billion pounds ($16.7 billion) in assets under management as of mid-2022, according to its latest earnings report.
