Virgin Money Holdings (UK) Limited agreed to acquire additional 50% stake in Virgin Money Unit Trust Managers Limited from abrdn plc (LSE:ABDN) for £20 million on February 14, 2024. The transaction has funded entirely from Virgin Money?s existing capital resources. Following the transaction, abrdn will continue to provide the investment advice for Virgin Money Investments. The transaction is subject to customary approvals. The transaction is expected to complete during April.

Virgin Money Holdings (UK) Limited completed the acquisition of additional 50% stake in Virgin Money Unit Trust Managers Limited from abrdn plc (LSE:ABDN) in April 2024. Following successful roll-out of new investment and pension services.