Aberdeen AM to buy Credit Suisse assets for 250M

Story link: Aberdeen AM to buy Credit Suisse assets for 250M

Its good to see companies diversifying and expanding in times of a financial crisis, especially in the banking sector, which is so troubled at the moment.
This is a huge deal and could help Aberdeen Asset Management PLC get through the crisis if the deal goes through smoothly.

Aberdeen AM to buy Credit Suisse assets for 250M

The U.K.’s Aberdeen Asset Management PLC (ADN.LN) said Wednesday it will acquire certain Credit Suisse Group fund management activities in an all-share deal worth up to GBP250 million.
The move will give Swiss banking giant Credit Suisse a 24.97% stake in Aberdeen and is expected to be finalized by the end of June, the fund manager said.