8th Feb 2016 07:56
LONDON (Alliance News) - Life insurance company Old Mutual PLC said Monday it has agreed to sell its London-based fixed income asset management business Rogge Global Partners to Allianz Global Investors.
Rogge had GBP24.1 billion of funds under management as at the end of 2015, Old Mutual said. It expects to sale to be completed in the second quarter of 2016.
No further financial details of the sale were disclosed.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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