Wealth and Asset Management
Old Mutual sells Italian business for €278m
Old Mutual Wealth has agreed to sell its Italian business to European private equity firm, Cinven for €278m (£236m, $308m). Subject to regulatory approval, the acquisition by Cinven-owned subsidiary ERGO Italia is expected to be finalised within six months. Paul Feeney, chief executive of Old Mutual Wealth, said: “Old Mutual…
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