Aberdeen completes £297.6m Credit Suisse deal

Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset...

Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset manager. Credit Suisse will obtain 240m new ordinary shares, equivalent to 23.9% of the enlarged Aberdeen group. Based on Aberdeen's closing share price of 124 pence on 30 June, the transaction is valued at £297.6m. At 31 May, the Credit Suisse business, excluding the Asia Pacific operations already moved over, was £29m, or £28.9bn when excluding market movements. The total Credit Suisse assets acquired equals £36.4m, at 31 May. Aberdeen chief executive Martin Gilbert says the group ...