Exclusive negotiations regarding Italian business

RNS Number : 3119G

Old Mutual PLC

04 August 2016

 

Old Mutual plc

Ref 471/16

4 August 2016

Old Mutual enters into exclusive negotiations regarding its italian business

Old Mutual plc today announces that it has entered into a short period of exclusive negotiations with Cinven, owner of ERGO Italia, regarding the sale of Old Mutual Wealth Italy. There can be no certainty that these negotiations will lead to any transaction.

Old Mutual Wealth Italy is owned by Old Mutual Wealth, part of Old Mutual plc.

Enquiries

External communications

Patrick Bowes                                      UK          [phone]

Investor relations

Dominic Lagan                                    UK          [phone]

Sizwe Ndlovu                                      SA          [phone]

Media

William Baldwin-Charles                                   [phone]

                                                                          [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to 18.9 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 2015, the Group reported adjusted operating profit before tax of £1.7 billion and had £304 billion of funds under management from core operations (excluding Rogge).

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

 

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