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Old Mutual Sells Skandia Poland
Sandra Kilhof
13 November 2013
The London and
Johannesburg-listed bank and asset manager, and its
assets, including €414 million ($554.8 million) in funds under management as at
30 September 2013. The transaction is still subject to regulatory approvals and
is expected to take approximately six months to complete. In the year ended 31 December 2012, the Old Mutual group
reported £262 billion ($415.8 billion) of funds under management from core
operations.