Old Mutual plc announces sale of Rogge

RNS Number : 2855O

Old Mutual PLC

08 February 2016

 

Old Mutual plc

Ref 92/16

8 February 2016

old mutual announces sale of rogge

Old Mutual plc today announces that it has agreed to sell Rogge Global Partners ("Rogge") to Allianz Global Investors. Rogge, a fixed income asset management business based in London, had £24.1 billion of funds under management as at 31 December 2015.

The transaction is expected to complete in the second quarter of 2016.

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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