Royal Bank of Scotland, which is majority owned by the government, said it did “not comment on market speculation”, and Aberdeen Asset Management did not return calls for comment.
A deal that will see Aberdeen Asset Management acquire Royal Bank of Scotland’s funds arm is expected to be finalised in the early part of the new year, The Herald has learned.
Royal Bank of Scotland, which is majority owned by the government, said it did “not comment on market speculation”, and Aberdeen Asset Management did not return calls for comment.