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Aberdeen merger 'a defensive move'

Mar 7, 2017 - The Daily Telegraph (London)

THE proposed £11bn megamerger between Standard Life and Aberdeen Asset Management is a defensive move to fight back against an increasingly challenging market backdrop, City analysts warned, as the pair unveiled full terms of the deal.

Investors appeared to warm to the union, which will create the UK's largest fund manager with £660bn of assets under management, with Standard Life's shares up 5.6pc and Aberdeen's 4.2pc.

But analysts warned that both companies are under intense pres

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