Completion of acquisition of further stake in UAP

RNS Number : 0233R

Old Mutual PLC

24 June 2015

 



Old Mutual plc

Ref 474/15

24 June 2015

old mutual completes THE ACQUISITION OF FURTHER STAKE IN uap holdings

Old Mutual plc ("Old Mutual") today announces that it has completed the acquisition of a further 37.3% shareholding in UAP Holdings Limited ("UAP").  Old Mutual now owns 60.7% of UAP. 

We have commenced with the integration process to combine the businesses.

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 more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 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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