Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
Abrdn
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Abrdn American Income Equity closes after largest shareholder exits
The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’
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Shareholders approve wind-down of Abrdn Diversified Income and Growth
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
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Abrdn suffers 35% increase in outflows in full-year results
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
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Custodian Property Income Reit sets timetable for API merger despite rival bid
Custodian board expects API to maintain its recommendation for all-share merger
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Abrdn Property Income postpones general meeting in wake of rival takeover bid
Shareholder meeting to discuss Custodian’s offer for the trust delayed to 20 March
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Urban Logistics Reit tables rival bid for API
Custodian had proposed an all-share merger with API in January
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Abrdn European Logistics Income board opts to forgo dividend payment
Cut of dividend payment result of ‘strategic review’
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Liontrust adds two analysts to sustainable investment team
Team led by Peter Michaelis
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Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
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Abrdn ABS fund moves to new team with fund managers set to exit
Scott Duggal and Janaka Nanayakkara due to depart the firm
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Abrdn Property Income Trust agrees merger with Custodian Property Income Reit
The enlarged Custodian Property Reit will manage £1bn assets