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News 2026-10-07 17:34 UTC

UK's Aberdeen to halve Standard Life stake to about 5.2%

Aberdeen LSE:ABDN said on Wednesday it would sell 52 million shares in insurer Standard Life LSE:SDLF, halving its stake to about 5.2%, as the British asset manager continues its efforts to simplify its structure.The sale comes as Aberdeen CEO Jason Windsor pushes to streamline the asset manager an…