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UK competition watchdog clears Standard Life-Aberdeen deal

Published 22/06/2017, 08:17
© Reuters. FILE PHOTO: A worker leaves the Standard Life House in Edinburgh
ABDN
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(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.

© Reuters. FILE PHOTO: A worker leaves the Standard Life House in Edinburgh

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.

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