Aberdeen's Halving of Standard Life Stake Raises Partnership Questions
Dow Jones
Oct 08
0641 GMT - Aberdeen's sale of half its stake in Standard Life might raise longer-term questions about the company's strategic relationship, Citi's Nicholas Herman says. However, there aren't immediate implications for the existing commercial partnership between the companies, Citi notes. Aberdeen said it would sell half its 10.4% stake in savings-and-investment business Standard Life. The sale does pose the question of what could happen if the stake were to be fully divested, the analyst adds. Citi expects Aberdeen to use the proceeds to support the scaling of its Interactive Investor business and expand capabilities in its investments business.
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