13October 2017 Old Mutual completes the sale of its Kotak Mahindra Old Mutual Life Insurance Ltd

Old Mutual plc ('Old Mutual') today announces that it has completed the sale of its 26% stake in Kotak Mahindra Old Mutual Life Insurance Limited to its joint venture partner Kotak Mahindra Bank Limited. The sale was announced on 27 April 2017.

The consideration for the transaction, net of hedging and tax, was £138 million. Old Mutual will use the proceeds from the transaction for general corporate purposes.

Old Mutual plc published this content on 13 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2017 12:44:03 UTC.

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