Aberdeen completes £550m SWIP acquisition

The acquisition of the SWIP infrastructure fund management business means the buyout  of the SWIP brand from Lloyds Banking Group is now complete. A final deferred payment to Lloyds has also been reduced from £39.4m to £38.3m and will be made at the end of the 12-month period. The total consideration for the deal is £550m.  However, this is smaller than the £660m it was initially valued at.  The deal was approved by the regulator back in March following successful talks in November 2013.  At the time, chief executive Martin Gilbert, said: "The combined businesses will have a far...