abrdn is close to sealing the £1.5bn takeover of interactive investor and the deal could be announced today (02 December).
The move, which first emerged early last month, will transform the capabilities of the FTSE 100 asset manager in the growing self-investment sector. The deal will not require abrdn to raise fresh equity, according to Sky News who reported that the deal could be announced as early as today. The acquisition of ii - which, with 400,000 personal investing clients and managing around £55bn is the UK's second-largest fund supermarket - would allow it to challenge firms such as Hargreaves Lansdown and AJ Bell and would represent another bold move by CEO Stephen Bird, a former Citi executive who...
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