Old Mutual on track to list two new divisions
The group is on track to list the newly created Old Mutual Ltd on the JSE and Old Mutual Wealth on the LSE
Old Mutual is building up cash at its London head office as it prepares to strengthen the balance sheets of the two standalone companies, in SA and the UK, that it plans to list in 2018. The group, which is breaking itself up into its component parts, is on track to list the newly created Old Mutual Ltd on the JSE and Old Mutual Wealth on the London Stock Exchange as soon as possible after it announces its full-year results next March. The group, which on Friday reported a 37% increase in adjusted operating profit, also expects to close its London head office in 2018 as it delivers on its promise to “materially complete” its managed separation process by the end of that year. If you are already a subscriber, please click on the following link below to go to the full article: Old Mutual to list two new divisions in 2018 If you would like to subscribe to BusinessLIVE Premium to read the full story, please click here to subscribe. * Premium content is not yet available on the app. P...
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