Aberdeen/Standard Life merger approved by shareholders

14 August completion date

clock • 1 min read

Shareholders of both Aberdeen Asset Management and Standard Life have approved the proposed £11bn merger, which is due to complete on 14 August.

At the firms' general meetings today, Standard Life and Aberdeen shareholders overwhelmingly backed the move with 98.6% and 95.81% of the votes respectively. "I'm delighted our shareholders have voted to support the merger today," said Standard Life chairman Sir Gerry Grimstone. "Our merger with Aberdeen will be one of the most significant events in our near-200 year history, creating a well-diversified world-class investment company," Meanwhile, 94.55% of Standard Life shareholders approved the directors' suggested remuneration policy, compared to 78.6% of Aberdeen voters. Armc...

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