Aberdeen Asset Management has moved to avoid further "distraction" by agreeing to settle a long-running legal claim brought by a real estate investment fund against the company and Swiss bank UBS.

Aberdeen said today it has reached a settlement with Real Estate Opportunities, a property investment group controlled by a Dublin-based company. The case started in 2005, with the property investment group seeking compensation for losses in its income portfolio, which was established by Aberdeen and UBS.

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Aberdeen settles Real Estate legal claim

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