Aberdeen lifts BHP stake past 6%

Aberdeen Asset Management has lifted its stake in BHP above 6%.

Global fund manager Aberdeen Asset Management has emerged as a major shareholder in BHP Billiton, with a 6.34% stake worth a massive $12.25 billion.

BHP announced to the ASX this morning that Aberdeen’s holding had jumped from 5.4% to 6.34% this week, courtesy of Aberdeen’s £550 million ($998 million) acquisition of the Scottish Widows Investment Partnership from Lloyds Bank.

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