Bank gets stake in British investment firm

Credit Suisse Group said today it is selling parts of its asset management business to Aberdeen Asset Management PLC in return for a 24.9% interest in the British investment firm.

Bank gets stake in British investment firm
Wed, 31 Dec, 2008 - 08:32

Credit Suisse Group said today it is selling parts of its asset management business to Aberdeen Asset Management PLC in return for a 24.9% interest in the British investment firm.

The move will see Switzerland’s No 2 bank transfer some £49bn (€50.25bn) in managed assets to Aberdeen.

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CourtsBusinessHeathrowPlace: SwitzerlandOrganisation: Credit Suisse GroupOrganisation: Aberdeen Asset Management PLCOrganisation: AberdeenOrganisation: Credit Suisse
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