Sale of Skandia Poland

RNS Number : 4493I

Old Mutual PLC

30 May 2014

 



Old Mutual plc

Ref 69/14

30 May 2014

sale of skandia poland

Old Mutual plc today announces that the sale of Skandia Poland, part of Old Mutual Wealth, to Vienna Insurance Group AG Wiener Versicherung Gruppe is now complete. The sale was announced on 12 November 2013 and is part of Old Mutual Wealth's commitment to simplify its operations in Europe and to focus on a number of core growth markets.

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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