Abrdn shareholders have given the green light for the asset manager to acquire Interactive Investor for £1.5bn, a landmark deal that gives the Edinburgh-headquartered firm a foothold in the fast-growing direct-to-consumer market.
Shareholders met in London on 15 March to approve the deal, which was first announced in December, and puts Abrdn into direct competition with rival UK retail investment giants like Hargreaves Lansdown and AJ Bell.
