LONDON -The Fortress Funding Group-led $8.7 billion takeover supply for British grocery store chain Morrisons represents “good worth”, abrdn’s CEO Stephen Hen mentioned on Monday.
Abrdn, previously Commonplace Life Aberdeen, is the fifteenth largest investor in Britain’s fourth greatest grocery store group, based on Refinitiv information.
The asset supervisor’s holdings are as a passive, or index-tracking, funding, an abrdn spokesperson mentioned.
Morrisons mentioned on Saturday that its board, led by Chairman Andrew Higginson, had beneficial a takeover led by SoftBank owned Fortress Funding Group that valued the agency at 6.3 billion kilos ($8.7 billion).
“I feel the Morrisons deal is nice worth, I feel it’s a sensible factor to do,” abrdn’s Hen instructed Reuters.
Different non-public fairness teams are additionally vying for Morrisons.
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