Abrdn is reportedly in talks with Spanish banking group Santander over a sale of its private equity unit.
The FTSE-100 asset management heavyweight has received interest from ‘a small number of buyers’, according to Sky News.
The unit is being valued at around £250m according to the reports, and a deal could be signed off within the next two months.
The division was formerly a part of Standard Life Investments, which merged with Aberdeen Asset Management in 2017 before the company rebranded to Abrdn.
The firm has endured a difficult period, with its share price sliding from over 400p in 2018 to just 216p today, 20 February. It was briefly demoted to the FTSE 250 last year, before returning to the top tier.
