Disposal
February 24 2003 - 2:01AM
UK Regulatory
RNS Number:8416H
Aberdeen Asset Management PLC
21 February 2003
21 February 2003
Aberdeen Asset Management PLC ("the Company" or "Aberdeen")
Disposal of retail fund management rights to New Star Asset Management Group
Limited ("New Star")
Aberdeen Asset Management PLC is pleased to announce that the Company has today
completed the disposal of the retail fund management rights by its subsidiary,
Aberdeen Unit Trust Managers Limited, to New Star Asset Management Group
Limited. At completion, the value of retail assets transferring to New Star was
#1.74 billion at which level a cash consideration of #86.76 million is payable
to Aberdeen.
Enquiries:
Aberdeen Asset Management
Martin Gilbert
Tel: 020 7463 6000
Gavin Anderson & Company
Neil Bennett
Lindsey Harrison
Tel: 020 7554 1400
JPMorgan
Terry Eccles
Tel: 020 7742 4000
This information is provided by RNS
The company news service from the London Stock Exchange
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