The break-up continues at O ld Mutual (OML) after it completed its sale of global fixed-income manager Rogge to Allianz Global Investors for an undisclosed sum. In March, management announced that it would be splitting the group's four constituent divisions into independent businesses.
IC TIP:
Hold
The completion of the sale follows news earlier in May that Old Mutual had been approached by third parties to buy its stake in US-based Old Mutual Asset Management. However, management said it was continuing to assess the options available to it for its preferred separation of the group.
