1st Jun 2007 07:04
Aberdeen Asset Management PLC01 June 2007 Aberdeen Asset Management PLC Acquisition of certain Australian fund management businesses of Deutsche Bank Aberdeen Asset Management PLC ("Aberdeen") is pleased to announce that it hascompleted the acquisition of certain Australian fund management businesses fromDeutsche Australia Limited and that the transfer of the businesses will beeffective at close of business today, 1 June 2007. Aberdeen has paid initial consideration of AU$116 million (approximately £48million), based on estimated assets under management of AU$11.5 billion(approximately £4.75 billion) transferring to Aberdeen's management. Theseassets comprise AU$8.5 billion of segregated client mandates and AU$3.0 billionof unit trust assets. The consideration remains subject to certain adjustmentsto be reflected once the value of assets under management has been confirmed. For further information, please contact: Maitland 020 7379 5151Neil Bennett JP Morgan Cazenove 020 7588 2828Ian HannamJames Wood-Collins This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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