May 8, 2018 / 6:16 AM / 19 days ago

BRIEF-Standard Life Aberdeen challenges Lloyds Banking Group over axed mandate

May 8 (Reuters) - Standard Life Aberdeen Plc:

* STANDARD LIFE ABERDEEN - INFORMS LLOYDS BANKING IT DOES NOT AGREE MERGER WITH ABERDEEN ASSET MANAGEMENT WAS IN MATERIAL COMPETITION IN U.K. WITH LBG

* STANDARD LIFE ABERDEEN - DOES NOT CONSIDER LBG, SCOTTISH WIDOWS OR THEIR RESPECTIVE AFFILIATES HAS RIGHT TO TERMINATE LONG-TERM ASSET MANAGEMENT PACTS

* SAYS PARTIES ARE ENGAGING WITH EACH OTHER WITHIN FRAMEWORK OF DISPUTE RESOLUTION PROCESS ENVISAGED IN IMAS Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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