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Credit Suisse profits from 'template' Aberdeen deal

Shares in Aberdeen Asset Management that were worth 90p when their purchase was agreed have now gone for more than 245p

Credit Suisse has sold its last shares in Aberdeen Asset Management for £200m, bringing to a successful conclusion a three-year deal that Martin Gilbert, Aberdeen’s chief executive, has described as a template for asset management acquisitions.

A spokesman for Aberdeen said: "The shares were put on the market at 4.30pm yesterday and went in 15 minutes at between a range of 245p to 255p, [with] very strong demand from UK and international institutions."

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