Standard Life is reported to be gearing up to enter talks about a potential merger with Scottish Widows, as shareholders vote today on its deal with Aberdeen Asset Management.
The Sunday Times has reported discussions between Standard Life and Scottish Widows will begin this week, citing the group's prospectus for the Aberdeen deal. The combined business will be co-led by Aberdeen's CEO Martin Gilbert and Standard Life's chief executive Keith Skeoch. Aberdeen, which announced it was merging with Standard Life in March, has a close relationship with Scottish Widows' parent company Lloyds Banking Group. The firm bought the Scottish Widows Investment Partnership (SWIP) business back in 2013, formerly owned by Lloyds, while the bank has a 10% stake in Aberde...
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