Possible Change of Control of Manager
23 Março 2010 - 5:00AM
UK Regulatory
TIDMAIDU
POSSIBLE CHANGE OF CONTROL OF THE MANAGER
Standard Life Investments Limited ("SLI"), a wholly owned subsidiary of
Standard Life plc (SL.L) has reached agreement in principle with the
shareholders of Aida Capital Limited to acquire a majority interest in Aida
Capital. The acquisition will be subject to the approval of the Financial
Services Authority.
Following such acquisition, Aida Capital and its existing management team will
continue to manage the Aida Open-Ended Fund Limited and the Aida Closed-Ended
Fund as well as creating and managing fund of hedge fund products for SLI and
its external clients.
Contacts
Nick Oppenheim, CEO, Aida Capital
Telephone: +44 20 7600 7500
Richard England, Press Manager, Standard Life Investments
Telephone: +44 131 245 2750
Notes
Standard Life Investments was launched as an investment management company in
1998. It is a wholly owned subsidiary of Standard Life Investments (Holdings)
Limited, which in turn is a wholly owned subsidiary of Standard Life plc.
With assets under management of GBP138.7bn (31.12.09), Standard Life Investments
is one of Europe's major investment houses.
END
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