Old Mutual Sells Skandia Leben for Undisclosed Sum
29 May 2015 - 5:42PM
Dow Jones News
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
Old Mutual (LSE:OML)
Historical Stock Chart
From Apr 2024 to May 2024
Old Mutual (LSE:OML)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Old Mutual (London Stock Exchange): 0 recent articles
More Old Mutual News Articles