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Aberdeen Raises GBP436 Million From Partial Sale of Standard Life Stake

MT Newswires·10/08/2026 02:49:12
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02:49 AM EDT, 10/08/2026 (MT Newswires) -- Aberdeen Group (ABDN.L) generated gross proceeds of 436 million pounds sterling from a secondary offering of 52 million shares in insurance company Standard Life (SDLF.L) at 8.39 pounds apiece, according to a Thursday release. The divestment of the 5.2% stake is expected to close on Oct. 12, leaving the investment company and asset manager with a residual 5.2% interest in Standard Life. In line with its capital allocation policy, Aberdeen will use the funds to maintain balance sheet strength, invest in the business, and reduce debt.