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Fri 04 Apr 2003REO to sue Aberdeen over losses
Real Estate Opportunities (REO), the investment company formed by Treasury Holdings and Aberdeen Asset Management two years ago, plans to sue Aberdeen over losses incurred on its income portfolio
REO said yesterday it had dismissed Aberdeen as its investment manager following a review of its management of the income portfolio, on which REO has incurred losses of more than £165 million sterling (€242 million).
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