Acquisition of Intrinsic complete

RNS Number : 9701K

Old Mutual PLC

01 July 2014

 



Old Mutual plc

Ref 108/14

1 July 2014

ACquisition of Intrinsic

Old Mutual plc today announces that the acquisition of Intrinsic Financial Services, one of the largest networks of financial advisers in the UK, is now complete. The acquisition was announced on 28 February 2014 and is part of Old Mutual Wealth's strategy of building an integrated customer proposition comprising financial advice, asset management and tax efficient products.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK       [phone]

Media

William Baldwin-Charles                          [phone]

                                                             [phone]

Notes to Editors

Old Mutual provides life assurance, asset management, banking and general insurance to more than 16 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £294 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

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