RSS   Newsletter   Contact   Advertise with us

CMA clears way for Standard Life-Aberdeen merger

Staff Writer | June 22, 2017
The Competition and Markets Authority has cleared the way for the proposed £3.8bn merger between Standard Life and Aberdeen Asset Management.
Standard Life
Britain   The Competition and Markets Authority
The competition watchdog announced last month that it was launching an investigation into the takeover, to see whether the merger would result in "a substantial lessening of competition within any market or markets in the United Kingdom for goods or services."

However, it said on Thursday that it will not be launching an in-depth phase two probe.

"Standard Life and Aberdeen note the announcement today by the CMA that it has completed its review of their proposed merger and has cleared the transaction unconditionally."