OLD MUTUAL WILL VIEW ‘ ALL OPTIONS’
OLD Mutual has said it is considering “all options” in a strategic review of the business amid talk of a £ 9billion break- up of the Anglo- South African financial services giant.
The FTSE 100 firm is reported to have had an approach for its wealth management business, a big UK stock market investor and a sponsor of England rugby union. This led to speculation Old Mutual could split itself into standalone companies, which as well as UK- focused wealth management, includes a stake in South African lender Nedbank.
Its review was announced in November after Bruce Hemphill took over as chief executive. Old Mutual said: “All options are being considered but no decision has yet been made.” Shares rose 12 ½ p to 192p.