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OLD MUTUAL PLC - Old Mutual Plc Sale of Skandia France & Skandia Luxembourg Completed

Release Date: 02/02/2015 15:00
Code(s): OML     PDF:  
Wrap Text
Old Mutual Plc Sale of Skandia France & Skandia Luxembourg Completed

OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOMOL


Old Mutual plc

Ref 46/15

2 February 2015



    OLD MUTUAL PLC SALE OF SKANDIA FRANCE & SKANDIA LUXEMBOURG
                             COMPLETED

Old Mutual plc today announces that the sale of Skandia France and Skandia Luxembourg,
part of Old Mutual Wealth, to APICIL, has now completed. The consideration for the
transaction is not being disclosed.

The sale was announced on 3 September 2014 and is part of Old Mutual Wealth’s
commitment to simplify its operations in Europe.




Enquiries
External communications
Patrick Bowes           UK                   +44 20 7002 7440

Investor relations
Dominic Lagan                                UK     +44 20 7002 7190
Sizwe Ndlovu                        SA       +27 11 217 1163

Media
William Baldwin-Charles                            +44 20 7002 7133
                                             +44 7834 524833

Notes to Editors
Old Mutual provides investment, savings, insurance and banking services 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
Sponsor:
Merrill Lynch South Africa (Pty) Ltd

Joint Sponsor:
Nedbank Capital

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