27th Mar 2008 16:38
Aberdeen Asset Management PLC27 March 2008 Aberdeen Asset Management PLC Completion of acquisition of DEGI Aberdeen Asset Management PLC ("Aberdeen") is pleased to announce that itswholly-owned subsidiary, Aberdeen Property Investors Holding AB has completedthe acquisition of DEGI Deutsche Gesellschaft fur Immobilienfonds mbH ("DEGI")from Dresdner Bank AG and that the transfer of the business will be effective atclose of business today, 27 March 2008. Aberdeen has paid a consideration of €110 million (approximately £86.2 million),based on estimated assets under management of €6.4 billion (approximately £5.0billion) transferring to Aberdeen's management. These assets comprise a numberof property funds offering German, European or global commercial propertyexposure and increase Aberdeen's property assets under management toapproximately €20 billion (approximately £15.7 billion). For further information, please contact: Maitland 020 7379 5151Neil BennettCharlotte Walsh This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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