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- Reuters - UK Focus•14 days ago
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- Reuters•21 days ago
HONG KONG/LONDON (Reuters) - Old Mutual has put up for sale its 50 percent stake in a Chinese insurance joint venture, people with direct knowledge of the matter said, as part of a revamp of the Anglo-South African financial group and amid a tough market for foreign insurers in China. Old Mutual, which is working with financial advisers on the stake sale plan, could sell its holding in the 13-year-old life insurance joint venture with Guodian Corp to one or more local firms, said the people. The move is part of a broader Old Mutual group restructuring exercise to exit non-core and smaller operations, they said, adding there is no certainty a deal would happen and the company could end the process if the bids don't match its expectations.
OML.L: Summary for OLD MUTUAL PLC ORD 11 3/7P - Yahoo Finance
Old Mutual plc (OML.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||187.00 x 106000|
|Ask||201.00 x 500000|
|Day's range||195.80 - 199.50|
|52-week range||163.90 - 229.84|
|PE ratio (TTM)||17.13|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|