The biggest shareholder of Aberdeen Asset Management, the company at the centre of the split-cap trust scandal, has today sold its entire 16% stake in the company for £38.1m (€54m).

The shareholder, US fund manager The Phoenix Companies sold 38.1 million shares, representing between 70 and 80 days average trading volume in Aberdeen. Goldman Sachs led the sale.

Shanny Basar

Aberdeen Asset Management

Goldman Sachs

London Stock Exchange

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Aberdeen loses biggest shareholder

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