Aberdeen Asset Management PLC (ADN.L)
(The following statement was released by the rating agency) LONDON, June 16 (Fitch) Fitch Ratings has affirmed Aberdeen Asset Management Plc's (AAM) Long-term Issuer Default Rating (IDR) at 'A' and Short-term IDR at 'F1'. The Outlook on the Long-term IDR is Stable. Its subordinated perpetual cumulative notes are affirmed at 'BBB' These actions have been taken by Fitch in conjunction with a broader traditional investment manager industry review. For more commentary on the broader sector revi
LONDON, June 15 - Aberdeen Asset Management will raise 100 million pounds ($155 million) by issuing preference shares to one of its existing investors, giving itself a bigger war chest to seed new funds as it fights outflows.
* Has entered into an agreement with Mitsubishi UFJ Trust and Banking Corporation to issue 100 million pounds of non-voting, perpetual, non-cumulative, redeemable preference shares.
LONDON, June 2 - The chief executive of Aberdeen Asset Management, Martin Gilbert, said on Tuesday the bond market posed a systemic risk as and when interest rates rise, although he still hoped it would be a "damp squib".
* Says hopes turning point in bond market will be a damp squib but there is a "real threat".
May 27 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
LONDON - Britain's Aberdeen Asset Management has agreed to buy U.S. peer Flag Capital Management in a confidential deal that more than doubles the assets managed by its private equity unit and underscores its ambitions to expand in the United States.
* Takes private equity unit assets to $15 bln (Adds detail, quotes, context)
* Business will be fully integrated into Aberdeen's current private markets capability
MUMBAI, May 5 - Indian tax authorities suffered a setback on Tuesday in their efforts to impose a so-called minimum alternative tax (MAT) on foreign investors, as UK-based Aberdeen Asset Management won temporary relief from a tax bill it was facing.
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