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Old Mutual says it’s unfazed by failed deal to buy Nedbank

first_img Tags: NULL Friday 5 November 2010 12:15 am KCS-content Old Mutual says it’s unfazed by failed deal to buy Nedbank whatsapp Share center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryGloriousaCouple Had Their Home Demolished Because Of ThisGloriousaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmRest WowCouple Enacts Revenge Towards Neighbor Who Made Their Life HellRest WowAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCuteArticles StoneLittle Boy Was In Disbelief After Knowing What His Painting’s WorthArticles Stone Insurer Old Mutual yesterday reported better-than-expected sales and said plans to streamline the company were on track despite a failed attempt to sell banking subsidiary Nedbank to HSBC.Old Mutual boss Julian Roberts said HSBC’s surprise withdrawal last month from the deal, seen as a key plank of Old Mutual’s overhaul, was “a shock to everybody,” but would not derail the three-year restructuring effort. “Right now we’re thinking of what is the appropriate option for us moving forward. We’re not in any rush to do anything,” he said.Old Mutual, an Anglo-South African financial conglomerate with operations in over 30 countries, had intended to sell its majority stake in South Africa’s Nedbank as part of a strategy to concentrate on life insurance amid investor concerns its lack of focus had held back its share price.Old Mutual reported unit trust sales for the three months to 30 September of £2.9bn, up 36 per cent compared with the same period last year, and well ahead of the £2.2bn expected by analysts. The strong unit trust sales offset a flat performance in life insurance, where sales rose one per cent on the year to £351m, lagging consensus at £372m. whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more

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