Standard Life plc

Edinburgh-based investment group abrdn has completed the secondary placing of 52 million ordinary shares in Standard Life plc, generating gross proceeds of £436 million.

Summary of transaction details:

• Value: £436 million
• Sector: Fintech
• Advisor: Evercore Partners International LLP (Lead Financial Adviser); Goldman Sachs International and J.P. Morgan Securities plc (Joint Global Coordinators and Bookrunners)
• Key Entities: abrdn plc (Seller), Standard Life plc (Target)
• Location: Edinburgh, United Kingdom

Note: The transaction represents a 5.2% stake sold at £8.39 per share, reducing abrdn's holding in Standard Life plc to approximately 5.2% as part of a strategy to simplify its portfolio and reallocate capital toward core wealth management growth.