Santander AM eyes abrdn private equity arm - reports

One of a number of parties

Santander Asset Management is among the bidders in talks to purchase the £14bn private equity arm of abrdn for a deal that may value the unit at roughly £250m.

According to reports from Sky News, the asset management arm of the Spanish banking giant is "one of a small number of parties" which are seeking to purchase the embattled Scottish house's private equity unit. abrdn calls time on MyFolio Monthly Income range Sources close to the matter said a deal may well be struck between abrdn and the eventual purchaser within the next couple of months. Such a deal would value the business at around £250m. Fidelity International has also been cited as a potential buyer, however the firm has denied this suggestion, while abrdn declined to comm...