Aberdeen Asset Management and Macquarie Group are the two remaining bidders battling it out for Scottish Widows Investment Management (SWIP), Investment Week understands.
The UK fund management group and Australia's largest investment bank, alongside firms including Natixis Asset Management and Royal Bank of Canada, are some of the groups which have been in the running to buy SWIP since news of a sale first emerged. However, sources have said just the two names now remain in the frame as other competitors have dropped away. Speculation over the sale of the business has been rife since it was first revealed SWIP was up for sale earlier this year. Lloyds Banking Group, SWIP's parent company, has been mulling a sale of its investment management arm aft...
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