JOHANNESBURG – Old Mutual is a step closer to restructuring its business after it was given the green light yesterday by the Competition Commission, on condition that it allocate R500 million to a new ring-fenced Enterprise Supplier Development Fund.
Old Mutual Emerging Markets (Omem) said yesterday that the recommendation for approval by the Competition Commission to the Competition Tribunal for the newly incorporated Old Mutual Limited to acquire Old Mutual Plc – with the conditions agreed to between Omem and the Economic Development Department – was a significant step towards the listing of Old Mutual Limited as a standalone entity this year.
Omem and the Economic Development Department have reached an agreement in relation to thr…
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