PARIS (dpa-AFX) - Standard Life plc (SL.L) announced that, through its subsidiary Standard Life Savings Limited, it has reached an agreement to acquire the entire issued share capital of AXA Portfolio Services from AXA UK plc.
Standard Life said the transaction creates one of the UK's largest adviser platform businesses with combined assets under administration of 36.4 billion pounds, 350,000 customers, and net asset inflows of 5.7 billion pounds in 2015.
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