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Abrdn’s £1.5bn deal risks ‘creeping bureaucracy’ at Interactive Investor
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Analysts and market commentators have flagged several “execution risks” associated with a potential tie-up between FTSE 100-listed asset manager abrdn and Interactive Investor, with some concerned that one of the UK's largest retail platforms could lose its independence and fall victim to “creeping bureaucracy”.
A potential acquisition of Interactive Investor by abrdn, estimated to be worth around £1.5bn, has been lauded by market commentators as a smart move by Stephen Bird, the former Citigroup
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