Data provided by McGregor BFA
All data is delayed
Loading...
See More

Old Mutual sells US units worth $12bn

Jan 02 2013 17:50 Fin24

Company Data

OLD MUTUAL PLC [JSE:OML]

Last traded 34.91
Change -0.29
% Change -0.01
Cumulative volume 5684535
Market cap 170.95bn

Last Updated: 23/04/2014 at 04:06. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Old Mutual shines on Nedbank strength

SA's top employers unveiled

Still safety in Old Mutual shares - analyst

Old Mutual to overhaul Skandia unit

Old Mutual to sell US affiliates

Old Mutual appoints new CEO in Zim

 
Johannesburg - Insurer Old Mutual [JSE:OML] said on Wednesday it has completed the sale of five of its US affiliates to their respective senior management teams.

"These businesses had combined assets under management of $12bn as at 30 September 2012," it said.

Old Mutual Asset Management (Omam), the US-based global asset management business of Old Mutual, said in an announcement on SENS that it has closed the transactions with the five affiliate asset managers - 2100 Xenon Group, 300 North Capital, Analytic Investors, Ashfield Capital Partners and Larch Lane Advisors.

Terms of the transactions were not disclosed. Omam entered into definitive agreements with the affiliate firms in October 2012.


   

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

old mutual
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zille: DA will provide real, sustainable jobs

The DA says it has a policy package in place which will lead to 6m real, sustainable jobs being created. Watch Helen Zille explain.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...