Aberdeen completes £297.6m Credit Suisse deal

Credit Suisse will obtain 240 million new ordinary shares, equivalent to 23.9% of the enlarged Aberdeen group. Based on Aberdeen's closing share price of 124 pence on 30 June, the transaction is valued at £297.6m. At 31 May, the Credit Suisse business, excluding the Asia Pacific operations already moved over, was £29m, or £28.9bn when excluding market movements. The total Credit Suisse assets acquired equals £36.4m, at 31 May. Aberdeen chief executive Martin Gilbert says the group has worked well with Credit Suisse to ensure a smooth integration. "The way our two businesses have...