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Britain’s Competition and Markets Authority (CMA) has given the go-ahead for the £11 billion merger of Scotland-based asset management companies Standard Life and Aberdeen Asset Management. Stating that it had decided not to refer the merger to a second phase in-depth investigation, the CMA has made way for the formation of Europe’s second largest fund manager and a global top 25 player, with £660 billion assets under management. The CMA began a… Read More