Update: Lloyds sells stake in Standard Life Aberdeen

For £344m

Natalie Kenway
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Standard Life Aberdeen co-CEOS Keith Skeoch and Martin Gilbert
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Standard Life Aberdeen co-CEOS Keith Skeoch and Martin Gilbert

Lloyds Banking Group has sold its remaining stake in Standard Life Aberdeen following a decision to withdraw £109bn of assets managed by the firm for Scottish Widows.

In a stock exchange announcement the firm announced it has sold 98 million shares at a price of 352.5p a share, which totals 3.3% of SLA's business, raising £344m in process. Shares in Standard Life...

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