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

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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