20th May 2016 11:48
LONDON (Alliance News) - Aberdeen Asset Management PLC Chief Executive Martin Gilbert said the emerging markets fund manager has resisted interest from competitors in Europe and Australia wanting to buy the company, Bloomberg reported.
Gilbert, in an interview with Bloomberg TV, said: "I've never tried to sell the business, but we do get a lot of people wanting to buy us."
"So far, we have managed to resist. There's been a lot of interest, but being independent is a massive benefit to us," Gilbert added.
A spokesman for Aberdeen told Bloomberg no formal approach for the company has been made.
http://www.bloomberg.com/news/articles/2016-05-20/aberdeen-ceo-says-resisting-buyer-interest-to-stay-independent
The FTSE 250 stock was up 2.9% at 277.00 pence Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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