Wealth and Asset Management
Golf's Allure Amid South African Gloom Draws Old Mutual Deal
Old Mutual Plc’s private-equity unit bought a majority stake in MoreCorp, the largest South African golf-equipment retailer, as the investor bets demand from an expanding upper-middle class will overcome slowing economic growth. The asset manager paid more than 300 million rand ($20.9 million) for a 70 percent stake in the…
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