Abrdn to buy Interactive Investor for £1.49 billion

Fund manager Abrdn /zigman2/quotes/200883281/delayed UK:ABDN +0.58% said it's buying Interactive Investor for £1.49 billion ($2 billion) from J.C. Flowers & Co. and management. Interactive Investor has over 400,000 customers and assets under administration of approximately £55 billion. Abrdn said the deal will help it achieve scale in the high-growth direct investing market, accessing new customer segments and capabilities. Abrdn said the deal will be double-digit earnings accretive in the first full financial year following completion.

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abrdn PLC

UK : U.K.: London

£ 243.90

+1.40 +0.58%

Volume: 2.09M

Jan. 17, 2022 4:35p

P/E Ratio

3.74

Dividend Yield

0.06%

Market Cap

£5.19 billion

Rev. per Employee

N/A