Virgin Money acquires full ownership of Virgin Money Investments from Abrdn for £20m, aiming to focus on digital investment propositions and doubling assets under management within five years.

Virgin Money has acquired full ownership of its investment joint venture, Virgin Money Investments, from Abrdn for £20m. The acquisition will allow Virgin Money to focus on digital investment propositions and doubling assets under management in Virgin Money Investments within the next five years. There will be no anticipated job losses in the transition. The deal also includes Abrdn concentrating on asset management strengths and Virgin Money emphasizing its broad appeal.

February 14, 2024
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