15th Mar 2022 20:44
abrdn PLC - Edinburgh-based investment manager - Says shareholders approve acquisition of retail investment platform interactive investor. Just over 81% of voters back deal. Abrdn Chair Douglas Flint says: "We are delighted with the strong support shown by shareholders today in approving our acquisition of interactive investor. The deal transforms our personal vector, adding interactive investor's distinctive subscription based business model and incremental growth to an already successful and fast growing segment. We expect the transaction to complete before the mid-year, subject to completion of regulatory approval." Abrdn announces the GBP1.49 billion acquisition in December. Read More
