Cue the bag pipes.

Scottish asset manager Aberdeen has won a bidding war for Lloyds asset management arm, Scottish Widows Investment Partnership, according to a number of news outlets, including the Wall Street Journal, BusinessWeek, and Reuters.

Aberdeen won the bid even after Delaware Investments' Australian parent, the Macquarie Group, tried to block the deal earlier this month.

With SWIP now in its utility belt, Aberdeen reportedly plans to take on the likes of American goliaths Pimco and BlackRock, according to the Financial Times. 

Edited by: Tommy Fernandez


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