The Spanish banking giant is among a small number of suitors interested in buying the unit of abrdn which holds investments in private equity funds, Sky News learns.
An arm of Santander, the Spanish banking giant, is in talks to swoop on the £14bn private equity unit of abrdn, the British fund manager.
Sources said a deal was expected to be struck between abrdn and a buyer in the next couple of months that could value the division at approximately £250m. The division being sold by abrdn manages investments in private equity funds and is a legacy of Standard Life Investments, whose parent company merged with Aberdeen Asset Management in 2017.
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