South Africa's Old Mutual to sell Nedbank sharesStaff Writer | October 18, 2018
Africa Old Mutual holds a majority stake in Nedbank
South Africa's Old Mutual said on Wednesday it would sell around 5.5 million shares in Nedbank Group to select institutional investors, following the spin-off of the unit.
Old Mutual, which holds a majority stake in Nedbank, has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999. ■
What to read next