Completion of sale of Finnish branch of Skandia

RNS Number : 2078L

Old Mutual PLC

31 August 2012

 



Ref 83/12

31 August 2012

Old Mutual completes sale of Finnish branch of Skandia Life Assurance Company Ltd

Old Mutual plc announces today the completion of the sale of the Finnish branch of Skandia Life Assurance Company Ltd to OP-Pohjola osk. As at 30 June 2012, the Finnish branch had gross assets of €1.3 billion.

Ends

Enquiries

External communications
Patrick Bowes	UK	[phone]
Investor relations
Kelly de Kock	SA	[phone]
Media
William Baldwin-Charles		[phone] [phone]

Notes to Editors

Old Mutual

Old Mutual is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Africa, the Americas, Asia and Europe.  Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 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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