Credit Suisse Seeks $321 Million Selling Part of Aberdeen

Credit Suisse Group AG is selling part of its stake in Aberdeen Asset Management Plc, Scotland’s largest money manager, to raise as much as 205 million pounds ($321 million), according to two people with knowledge of the transaction.

The Zurich-based lender is selling as many as 80.4 million Aberdeen shares for 245 pence to 255 pence each, a discount of as much as 7.4 percent to the closing price today, said the people, who asked not to be identified because the process is private.