Old Mutual to sell London-based Rogge Global
Financial services group Old Mutual has agreed to sell London-based fixed income asset management business Rogge Global Partners to Allianz Global Investors.
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Old Mutual
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The company, which did not disclose any financial details, said the deal is expected to complete in the second quarter of the year.
Rogge had £24.1bn of funds under management as at 31 December 2015.
At 1013 GMT, Old Mutual shares were down 2.1% to 157.90p.