Fund managers Aberdeen Investment Management and Standard Life confirmed reports that they are considering plans to enter into an £ 11bn ( $ 13.5bn ) merger . That clout as a shareholder can also be applied to shaping the decisions of companies in which the asset managers have stakes. The resulting company would oversee assets worth £ 600bn as one of the UK 's largest fund managers . To reflect Aberdeen 's £ 3.7bn market value and Standard Life 's £ 7.5bn value , Standard Life shareholders would own 66.7 % of the combined group , while Aberdeen shareholders would own 33.3 % . The merger would enable the company to compete with the investment advantage of larger competition , such as US - based Blackrock . However , the deal is subject to several conditions , including shareholder approvals , the companies said .
Fund managers Aberdeen Investment Management and Standard Life confirmed reports that they are considering plans to enter into an £ 11bn ( $ 13.5bn ) merger . The resulting company would oversee assets worth £ 600bn as one of the UK 's largest fund managers . To reflect Aberdeen 's £ 3.7bn market value and Standard Life 's £ 7.5bn value , Standard Life shareholders would own 66.7 % of the combined group , while Aberdeen shareholders would own 33.3 % . The merger would enable the company to compete with the investment advantage of larger competition , such as US - based Blackrock . However , the deal is subject to several conditions , including shareholder approvals , the companies said .