(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound deal to buy Aberdeen Asset Management, paving the way for the tie-up which will create the country's biggest listed asset manager.
The Competition and Markets Authority said on Thursday that it would not refer the deal for further investigation.
Standard Life (LON:SL) and Aberdeen said in a statement that the deal, announced in March, is now expected to complete on August 14, subject to remaining regulatory approvals.