2nd Dec 2015 11:18
LONDON (Alliance News) - Aberdeen Asset Management PLC is one of a trio of bidders for Rogge Global Partners, a bond manager put up for sale by Old Mutual PLC, Sky News reported on Wednesday.
The report said that an acquisition of Rogge would add about GBP25.0 billion to Aberdeen's assets under management.
Aberdeen has been diversifying its business, as weak investor sentiment towards emerging markets has led to big outflows from its funds.
Citing a person close to Aberdeen, the Sky report said that Rogge was one of several deals being examined by the FTSE 100 asset manager.
Aberdeen and Old Mutual both declined to comment to Sky News.
Shares in Aberdeen were down 0.3% at 313.80 pence on Wednesday, while Old Mutual shares were up 0.2% at 209.20p.
http://news.sky.com/story/1598409/aberdeen-targets-25bn-bond-manager-rogge
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Old Mutual PLCADN.L