Abrdn inks £60m sale of its European PE business


Abrdn has offloaded its European-headquartered private equity business to Nasdaq-listed Patria Investments for £60m.

The fund manager has been looking to sell the unit, which oversees £7.5bn in assets under management (AUM), since last summer as part of a wider restructuring by chief executive Stephen Bird.

Brazilian firm Patria is a private…


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