17th Feb 2023 19:56
(Alliance News) - Banco Santander SA is among a number of parties interested in a private equity unit of abrdn PLC, Sky News reported on Friday.
The unit, which manages investments in private equity funds, could be valued at around GBP250 million, Sky News said. The unit manages around GBP14 billion worth of private equity assets.
Santander is "one of a small number of parties" keen on striking a deal, the Sky report said.
https://news.sky.com/story/santander-in-talks-about-swoop-on-14bn-abrdn-private-equity-unit-12813165
abrdn shares closed 1.7% lower at 212.40 pence each in London on Friday. Santander fell 0.8% to EUR3.52 in Madrid.
By Eric Cunha, Alliance News news editor
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