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OML Old Mutual

210.90
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Old Mutual LSE:OML London Ordinary Share GB00B77J0862 ORD 11 3/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 210.90 211.10 211.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Old Mutual to Sell Kotak Mahindra Joint-Venture Stake

28/04/2017 7:45am

Dow Jones News


Old Mutual (LSE:OML)
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From Apr 2019 to Apr 2024

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By Rory Gallivan

 

LONDON--Investment, savings, insurance and banking services company Old Mutual PLC (OML.LN) has agreed to sell its stake in Indian insurance company Kotak Mahindra Old Mutual Life Insurance Ltd. to its joint-venture partner, Kotak Mahindra Bank Ltd., for 12.93 billion rupees ($201 million) before tax.

Old Mutual said Friday the sale of the 26% stake in the joint venture should result in a net receipt of INR11.7 billion and should complete in the second half of this year.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

April 28, 2017 02:30 ET (06:30 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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