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The fund manager has been looking to sell the unit since last summer

Abrdn has offloaded its European-headquartered private equity business to Nasdaq-listed Patria Investments for £60m.

The fund manager has been looking to sell the unit, which oversees £7.5bn in assets under management, since last summer as part of a wider restructuring by chief executive Stephen Bird.

Abrdn sells European private equity business for £60m

Sebastian McCarthy

Abrdn

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