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Abrdn Exclusive: Potential Sale of £368bn Investment Business

The CEO of Abrdn, Stephen Bird, proposed selling the company’s investment management business after acquiring Interactive Investor.

However, the board at Abrdn rejected the idea and chose to keep the group intact. Photo: Getty Images

Last year, Bird presented a paper outlining the company’s strategic options, expressing a personal preference for disposing of the struggling £368bn investment arm.

Some executives and analysts supported the idea, believing it would please investors and boost the company’s declining share price.

They noted that the investment business was undervalued by the stock market, and its limited connections with Abrdn’s platforms for retail investors and financial advisers made it an attractive candidate for disposal.

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