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Aberdeen confirms Swip takeover talks

The asset manager says it is involved in discussions with Lloyds Banking Group over the potential acquisition of Swip

Aberdeen Asset Management has confirmed that it is in discussions over the potential takeover of Swip and the formation of a strategic partnership with its owner, Lloyds Banking Group.

The press statement, issued this morning, follows months of speculation over the £201.7 billion asset manager's potential acquisition of Scottish Widows Investment Partnership.

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