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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 |
LONDON--Old Mutual PLC (OML.LN), an international long-term savings, protection and investment Group, said Monday its Emerging Markets business will strengthen its distribution capability through the acquisition of a majority stake in AIVA Business Platforms for an undisclosed sum.
MAIN FACTS:
-Transaction by Old Mutual Life Assurance Company South Africa is conditional on relevant regulatory approvals and is expected to complete in early 2013.
-AIVA is a family-owned, business platform and distribution business based in Uruguay and spanning the Latin American region; it has assets under management of over 800 million dollars.
-Old Mutual shares closed Friday at 166 pence valuing the company at 8.13 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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