Old Mutual plans to list two divisons

File: Financial services group Old mutual is no longer breaking up the business to sell, but will list the units separately. Photo: AFP Photo / Paballo Thekiso

JOHANNESBURG – Financial services group Old Mutual is no longer breaking up the business to sell, but will list the units separately.

Old Mutual says it plans to list two divisions as part of its plans to split the business into four by the end of next year.

READ: Old Mutual splits into four divisions

The group announced last year it was breaking up the business in keeping with regulatory changes.

The businesses had also become too complex to run.

Old Mutual Wealth will be listed in London and Johannesburg, along with Old Mutual Limited, a new holding company covering its emerging markets.

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