Aberdeen Asset Management expects to move into exclusive negotiations with one company over the sale...
Aberdeen Asset Management expects to move into exclusive negotiations with one company over the sale of Aberdeen Property Investors and complete the sale by June. The group is in advanced negotiations with a handful of potential buyers and is confident the deal will be completed by the summer. Aberdeen's interim accounts for the six months to 31 March reveal overall pre-tax profits were buoyed by the sale of six of its open-ended funds to New Star, coming in at £41.9m, up from £10.8m for the same period last year. However, pre-tax profits excluding goodwill amortisation and exception...
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