LONDON, May 22 (Xinhua) -- British Competition and Markets Authority (CMA) will decide by this summer whether to pursue an in-depth inquiry of the 11 billion pounds (14.3 billion U.S. dollars) merger between Standard Life and Aberdeen Asset Management, it was announced Monday.
The competition watchdog has launched an investigation into the deal, and said it was seeking feedback and would make the decision by July 18.
If given the green light, the tie-up between the Scottish pair would create Europe's second-largest fund manager overseeing 660 billion pounds of assets. The authority will look at whether the merge "may be expected to result in a substantial lessening of competition."
Under the deal terms, Aberdeen shareholders would own 33.3 percent and Standard Life shareholders would own 66.7 percent of the combined group.
