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Aberdeen completes first stage of Credit Suisse deal

Aberdeen Asset Management has announced the completion of the first stage of its deal to acquire parts of the Credit Suisse Asset Management business.

Aberdeen has confirmed the purchase of the Asia Pacific unit which has £7.1bn of asset under management at the end of March 2009.

Credit Suisse is to receive a total of 32,526,196 new ordinary shares in Aberdeen as part of this stage of the deal.

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