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Lloyds sells Standard Life Aberdeen stake for £344m

By Frank Prenesti

Date: Friday 08 Jun 2018

(Sharecast News) - Lloyds Bank on Friday said it had sold its remaining 3.3% in Standard Life Aberdeen (SLA) for £344m.
The sale comes after Lloyds cancelled its £109bn arrangement with SLA in February.

The bank had expressed concerns over competition when SLA merged with Aberdeen Asset Management.

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