Old Mutual shares are up 11% this morning after reports that the firm is planning a break-up of the business into stand-alone companies.
According to reports at the weekend, the firm is understood to have already received an offer for its wealth management arm in the UK. Shares in Old Mutual are up 11.3% this morning following the news to trade at 198.6p. The various divisions would include: Old Mutual Wealth (including asset management arm Old Mutual Global Investors), its stake in South African lender Nedbank, the institutional asset management division and the group's emerging market operation. Old Mutual is expected to make an announcement on Friday when it publishes its annual results. Sky News reported buyo...
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