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Standard Life’s merger with Aberdeen Asset Management has been cleared “unconditionally” by the competition authority

Despite some excitable headlines, the ‘investigation’ by the Competition and Markets Authority was effectively a formality in accordance with the takeover rules, and few expected any other outcome.

The takeover was approved by shareholders in both companies this week and had already received consent from regulatory bodies overseas.

It will take effect from 14 August and trading will begin thereafter in the shares of Edinburgh-headquartered Standard Life Aberdeen.

 

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