Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Old Mutual Receives Approval To Acquire Mutual & Federal shares

To expand the insurance business reach

Mutual & Federal shareholders and scheme members have approved the proposed scheme of arrangement regarding Old Mutual’s offer to acquire those Mutual & Federal shares not already owned by Old Mutual.

Julian Roberts, group chief executive of Old Mutual, said: We are delighted that the Mutual & Federal shareholders have overwhelmingly voted to accept our offer. Customers, staff and shareholders can now look forward to the future of the business. For Old Mutual this represents a further step along the way of building shareholder value.

The company said that it is progressing with the proposed acquisition and is working with Mutual & Federal management on all aspects of the transaction.

Old Mutual is an international long-term savings group.