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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nedbank Group Ltd (PK) | USOTC:NDBKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.49% | 14.37 | 13.97 | 14.54 | 14.37 | 14.3187 | 14.33 | 1,741 | 21:10:42 |
From Jul 2019 to Jul 2024
By Oliver Griffin
Old Mutual PLC (OML.LN) said Wednesday that it has agreed to retain its strategic minority sharehold in Nedbank Group Ltd. (NED.JO) at 19.9%, underpinning the commercial relationship between the two companies.
The stake will be held by Old Mutual Limited, a new South Africa-based holding company that will have a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange.
Old Mutual Limited will be listed on both exchanges at the earliest opportunity in 2018, but only after Old Mutual PLC's full-year results for 2017 are published.
Old Mutual Limited doesn't intend to sell any of its shareholding in Nedbank Group to a strategic investor.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
November 01, 2017 04:01 ET (08:01 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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