Aberdeen takes German property firm

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UK - Aberdeen Asset Management (Aberdeen) has announced it has entered in to an agreement with Germany's Dresdner Bank to acquire DEGI, a Germany-based property investment management company in a deal worth €110m.

At present, DEGI has assets under management worth in excess of €6.4bn (US$9.2bn) and offers exposure to a number of commercial property funds across Germany, Europe and global territories. The...

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