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abrdn takes 60% haircut on Virgin Money stake as bank assumes full ownership of investment venture

FTSE 250-listed asset manager abrdn has lost more than half the value of its stake in Virgin Money Investments, as the bank brings the joint venture into sole ownership.

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Virgin Money agrees to buy Abrdn s stake in joint investment business for £20m

The lender joined forces with investment giant Abrdn in 2019 to start Virgin Money Investments.

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Virgin Money agrees to buy Abrdn s £20m stake in shared investment platform

The bank launched Virgin Money Investments with Abrdn in 2019

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Virgin Money to buy out Abrdn s stake in joint investment firm

Virgin Money to buy out Abrdn s stake in joint investment firm
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Virgin Money to buy Abrdn s stake in joint investment business for £20m

Virgin Money said on Wednesday that it has agreed to buy Abrdn’s stake in their joint investment platform for £20m.

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