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OML Old Mutual

210.90
0.00 (0.00%)
26 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 Buys Stake in Aiva Business Platforms for Undisclosed Sum

19/11/2012 7:37am

Dow Jones News


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

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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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