Landsdowne ponders flotation
LANSDOWNE Partners, which owns a 10.4 per cent stake in Aberdeen Asset Management, is believed to be considering a public flotation to raise cash, which would allow it to hit the acquisition trail.
The hedge fund group has admitted at a US conference that it was mulling a possible IPO, which analysts claim would value it at more than £1 billion.
Its holding in AAM, which it has previously referred to as a "passive investment", is worth £95 million. Morgan Stanley, which owns 19 per cent of Lansdowne, also owns 3 per cent of AAM.
The full article contains 99 words and appears in The Scotsman newspaper.
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Last Updated:
04 May 2008 7:44 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Aberdeen Asset Management
