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OML Old Mutual

210.90
0.00 (0.00%)
17 May 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 Sells Skandia Leben for Undisclosed Sum

29/05/2015 8:42am

Dow Jones News


Old Mutual (LSE:OML)
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By Ian Walker

LONDON--South African financial services firm Old Mutual PLC (OML.LN) said Friday it is selling Skandia Leben AG in Switzerland to Life Invest Holding AG, a company owned by the Mutschler Group and Hannover Re, for an undisclosed sum.

At Dec. 31, 2014, Skandia Leben had funds under management of 1.3 billion Swiss francs ($1.38 billion).

The transaction is expected to take six months to complete, Old Mutual said, adding that the deal continues Old Mutual Wealth's commitment to simplify its operations.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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