British Life Asset Management Standard Life Aberdeen has acquired 5% share of BGEO GROUP.
The British company owns about 2 million worth shares of BGEO in FTSE 250, which is 5% of shares (39.4 million) held by Holding. The agreement was announced on November 13.
Last week, the banking and investment group in Georgia announced “good positioning” ahead of planned restructuring. As it is known, by the first half of 2018, BGEO is preparing for division of banking and investment businesses and will be presented as 2 independent companies on the London Stock Exchange.
It is noteworthy that Standard Life Aberdeen was founded in August 2017 by a combination of two leader company Standard Life Plc and Aberdeen Asset Management PLC. The company’s head office is located in Scotland. There are 50 offices around the world.