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OLD MUTUAL PLC - Sale of Skandia Poland

Release Date: 30/05/2014 11:00
Code(s): OML     PDF:  
Wrap Text
Sale of Skandia Poland

       OLD MUTUAL PLC
       ISIN CODE: GB00B77J0862
       JSE SHARE CODE: OML
       NSX SHARE CODE: OLM
       ISSURE CODE: OLOML


       Ref 69/14
       30 May 2014


       SALE OF SKANDIA POLAND

       Old Mutual plc today announces that the sale of Skandia Poland, part of Old Mutual Wealth, to Vienna
       Insurance Group AG Wiener Versicherung Gruppe is now complete. The sale was announced on 12
       November 2013 and is part of Old Mutual Wealth’s commitment to simplify its operations in Europe
       and to focus on a number of core growth markets.
       Enquiries
       External communications
       Patrick Bowes                       UK       +44 20 7002 7440
       Investor relations
       Dominic Lagan                       UK       +44 20 7002 7190

       Media
       William Baldwin-Charles                      +44 20 7002 7133
                                                    +44 7834 524833
       Notes to Editors
       Old Mutual provides life assurance, asset management, banking and general insurance 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


       Lead sponsor:
       Merrill Lynch South Africa (Pty) Ltd


       Joint sponsor:
       Nedbank Capital




INVESTMENT | SAVINGS |INSURANCE | BANKING

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