Aberdeen buys DeAM in deal worth up to £265m
UK - Deutsche Bank has signed an agreement with Aberdeen Asset Management to sell parts of its UK and Philadelphia-based asset management businesses for up to £265m.
Businesses included in the sale are largely the former Morgan Grenfell Asset Management operations, which were acquired by Deutsche Bank in 1989. As at 31 May 2005 DeAM’s UK operations had assets under...
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