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Standard Life and Aberdeen Asset Management to merge

Standard Life shareholders have voted in favour of its proposed merger with Aberdeen Asset Management.

Sir Gerry Grimstone, chairman of Standard Life, said: “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.”

A total of 98.6% of shareholders voted in favour of the merger, which has a completion date of Monday 14th August.

The merger was announced in March, and will create a company with over £40bn in property assets under management.

To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette

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