The Cape Town headquarters of Anglo-South African financial services company Old Mutual. File picture: Mike Hutchings. Credit: REUTERS
It said its preferred option after splitting into four would be to have two of the new firms listed on both the London and Johannesburg exchanges.
Old Mutual said in March it planned to break itself into four parts. The company expected to complete its restructuring by the end of 2018. The changes included carving out its emerging markets operations to create a new South African holding company and a company that would mainly comprise wealth operations.
It would spin off a significant portion of its stake in Nedbank to investors, leaving the company with a strategic holding in the lender through Old Mut…
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