The proposed acquisition of interactive investor by European investment giant, abrdn, is set to go ahead in a deal worth £1.49bn.
According to a statement from ii, the transaction will see abrdn acquire 100% of the ordinary share capital of ii, which includes that of majority stakeholder, JC Flowers IC LP. ii will operate as a standalone business and independent brand within abrdn, with Richard Wilson continuing to lead ii through the next phase of its development, under abrdn's ownership. The transaction is subject to receipt of customary regulatory and anti-trust approvals, as well as abrdn shareholder approval. It is expected to be completed in the second quarter of 2022. abrdn close to sealing £1.5bn inte...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
