LONDON (dpa-AFX) - UK-based insurer Old Mutual Plc. (ODMTY.PK, OML.L) Monday confirmed that all options for the strategic review are being considered but no decision has yet been made.
The company was responding to the press speculation on Saturday, March 5 that the Anglo-South African financial services firm is plotting a 9 billion pounds o about $12.8 billion break-up. Two private equity firms, Cinven and Warburg Pincus, are already tabled a multi-billion pound joint cash offer for Old Mutual Wealth, the report said.
The company noted that when its new Chief Executive Bruce Hemphill joined on November 1, 2015, it had announced that it would be conducting a strategic review.
Old Mutual is due to announce its preliminary results for 2015 on March 11 and will provide an update on the strategic review at that time
Copyright RTT News/dpa-AFX