Old Mutual Wealth (OMW) has confirmed it has agreed to sell Old Mutual Global Investors' (OMGI) £25.7bn single-strategy asset management business to TA Associates in a £600m deal.
The deal, which is expected to complete on 1 January 2018, will see the majority of staff moving across, including OMGI chief executive Richard Buxton. TA Associates will pay £570m for OMGI before completion...
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