Aberdeen to Finalize Acquisition of Indonesian Asset Manager

September 29, 2014

On September 23, 2014, Aberdeen Asset Management announced that it had received approval from the Indonesian securities regulator, Otoritas Jasa Keuangan, to acquire 80% of the share capital of PT NISP Asset Management from NISP Sekuritas.


On September 23, 2014, Aberdeen Asset Management PLC announced that it had received approval from the Indonesian securities regulator, Otoritas Jasa Keuangan, to acquire 80% of the share capital of PT NISP Asset Management from NISP Sekuritas.

The transaction, which was originally announced in February 2014 and has also required the approval of the Monetary Authority of Singapore, is expected to be completed in November. At that time, NISP will change its name to PT Aberdeen Asset Management and will be rebranded under the Aberdeen brand. Aberdeen plans to implement its practices with respect to NISP’s fund management processes, dealing, operations, compliance, and risk management systems.

The terms of the transaction were not disclosed.

To read the press release, please click here.

To read the original post regarding this transaction, please click here


Categories

Investment Manager M&A, Transactions