Old Mutual Wealth unit listing could include IPO - spokesman



Anglo-South African financial services firm Old Mutual's (OML.L) planned demerger and listing of its UK asset management unit could also include the sale of equity through an initial public offering, an Old Mutual spokesman said on Wednesday.
Old Mutual is planning to break itself up into its four main businesses, with a target date for completion of end-2018.
"We may potentially have an IPO element for Old Mutual Wealth, but... the listing will be primarily via a demerger," an Old Mutual spokesman said by email, confirming comments he said were made at a capital markets day this... read more

 
12 October 2016 in Business, Views: 45
Source: Reuters
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