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Provider: Reuters Investment Profile
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Standard Life Plc In Talks To Buy Newton's Wealth Arm-Reuters

Wednesday, 13 Feb 2013 07:34pm EST 

Reuters reported that Standard Life Plc is in talks to buy Newton Investment Management's wealth management arm for up to GBP90 million ($140 million) in a deal that could be announced imminently. The British life insurer's bid for Newton's GBP3.5 billion wealth portfolio is being led by Richard Charnock, head of its Standard Life Wealth. 

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