Abrdn to buy Interactive Investor for £1.49 billion

Fund manager Abrdn /zigman2/quotes/200883281/delayed UK:ABDN +1.38% 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

£ 212.90

+2.90 +1.38%

Volume: 869,776

Feb. 8, 2023 10:13a

P/E Ratio

7.77

Dividend Yield

0.07%

Market Cap

£4.17 billion

Rev. per Employee

N/A