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BRIEF-Standard Life to buy Newton Management's private client division for 83.5 mln stg
February 27, 2013 / 11:06 AM / 5 years ago

BRIEF-Standard Life to buy Newton Management's private client division for 83.5 mln stg

LONDON, Feb 27 (Reuters) - Standard Life PLC : * Acquisition by Standard Life wealth * Standard Life wealth to triple aum with acquisition of Newton private clients * Entered into an agreement with Newton management to acquire its private

client division with assets under management of £3.6BN * Acquisition is anticipated to be accretive to earnings in the first full year

following completion. * Consideration of up to £83.5M contingent on value of assets under management

transferred to, and retained by, slw * Source Text:

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