Tag: Old Mutual

Old Mutual sells 26% stake in Kotak Mahindra JV
Global

Old Mutual sells 26% stake in Kotak Mahindra JV

Anglo African financial services group, Old Mutual has confirmed that it has sold off its 26% stake in India’s Kotak Mahindra JV. In a statement released earlier today, Old Mutual said: Old Mutual plc (‘Old Mutual’) today announces that it has completed the sale of its 26% stake in Kotak Mahindra […]

Old Mutual to cut itself into four units
Global

Old Mutual to cut itself into four units

One of the largest financial services group in Africa, Old Mutual PLC said its full year profit for 2016 was up by 1%. The company’s earning is above analysts forecast. Adjusted operating profit for the year was GBP1.67 billion. Old Mutual is about to carry out a total restructuring that […]

Old Mutual offers GBP350 million perpetual preferred callable securities
Global JSE SENS

Old Mutual offers GBP350 million perpetual preferred callable securities

Old Mutual plc today announces its invitation to holders of its outstanding GBP350,000,000 Perpetual Preferred Callable Securities (the “Securities”) to tender any and all of their Securities for purchase by the Company for cash (such invitation the “Offer”); and Securityholders to approve, by Extraordinary Resolution, certain modifications to the terms […]

Rob Leith Joins Nedbank Group
Global

Rob Leith Joins Nedbank Group

Rob Leith has been announced by Nedbank Group and Nedbank Limited, the majority-owned South African banking subsidiary of Old Mutual plc, as a non-executive director in the group. The appointment of Rob Leith was conveyed in a statement by the Nedbank Group, the company said: ‘The boards of Nedbank Group […]

Why Is Old Mutual Suddenly Aggressive On Marketing?
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Why Is Old Mutual Suddenly Aggressive On Marketing?

After almost six years the company acquired Oceanic Life Insurance, Old Mutual Nigeria Life Assurance Company Limited, OMNiLAC has just began the most aggressive marketing campaign of its life in Nigeria. Why its is surprising to many watchers in the insurance industry, Old Mutual might be seeing the inevitable signs […]

How Global Capital Is Fuelling African Property Markets
Global

How Global Capital Is Fuelling African Property Markets

Despite Africa’s economic slowdown, property developers and private equity funds continue to pour investment into African property market, but with more focused strategies. This is based on insight by African Property Investment Summit. “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and […]

Ecobank And Old Mutual Have A New Strategic Alliance
Big Business

Ecobank And Old Mutual Have A New Strategic Alliance

In a new statement released to The Exchange, Ecobank Transnational Incorporated, ETI and Old Mutual have just entered into a strategic agreement. According to ETI, the agreement will strengthen existing ties between the two companies. Based on the agreement, Old Mutual Emerging Markets currently has a bancassurance partnership with the Ecobank […]