Quilter wants to buy out 200,000 retail shareholders

Quilter, formerly Old Mutual Wealth Management, will in the next few months launch an odd-lot offer to its 200,000 retail shareholders, mainly South Africans in possession of the UK-domiciled company’s shares.

The group, spun off from Old Mutual in 2018, has set aside nearly R400m to buy out 190,000 South Africans and 10,000 British citizens. ..

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