Abrdn 'in discussions' to buy interactive investor

Deal for investment platform reported to be worth £1.5bn

clock • 1 min read
Abrdn CEO Stephen Bird
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Abrdn CEO Stephen Bird

Abrdn has issued a statement confirming that it is in talks regarding the “potential acquisition” of retail investment platform interactive investor.

According to reports, if it were to go ahead, the deal would be worth £1.5bn. Earlier in the year, the UK-based fund supermarket, which is second only to Hargreaves Lansdown by size in the UK, was reported to be considering a London flotation at a valuation of up to £2bn. In a statement today (8 November), the FTSE 100 asset manager said: "The company notes recent media speculation and confirms that it is currently in discussions with JC Flowers & Co regarding a potential acquisition of interactive investor.  "There can be no certainty that these discussions will result in a transa...

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