Abrdn close to sealing £1.5bn interactive investor deal - reports

Deal could be announced this Thursday

Pedro Gonçalves
clock • 1 min read

Abrdn is close to sealing the £1.5bn takeover of interactive investor and the deal could be announced today (02 December).

The move, which first emerged early last month, will transform the capabilities of the FTSE 100 asset manager in the growing self-investment sector. The deal will not require abrdn to raise fresh equity, according to Sky News, which reported that the deal could be announced as early as today. The acquisition of ii - which, with 400,000 personal investing clients and managing around £55bn is the UK's second-largest fund supermarket - would allow it to challenge firms such as Hargreaves Lansdown and AJ Bell and would represent another bold move by CEO Stephen Bird, a former Citi executive ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read