Sale of Skandia France and Luxembourg completed

RNS Number : 7627D

Old Mutual PLC

02 February 2015

 



Old Mutual plc

Ref 46/15

2 February 2015

Old mutual PLC sale of skandia FRANCE & SKANDIA LUXEMBOURG completed

Old Mutual plc today announces that the sale of Skandia France and Skandia Luxembourg, part of Old Mutual Wealth, to APICIL, has now completed. The consideration for the transaction is not being disclosed.

The sale was announced on 3 September 2014 and is part of Old Mutual Wealth's commitment to simplify its operations in Europe.

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 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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