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8 months ago
BRIEF-Old Mutual says raises $291 mln from OM Asset Management share sale
December 20, 2016 / 7:45 AM / 8 months ago

BRIEF-Old Mutual says raises $291 mln from OM Asset Management share sale

Dec 20 (Reuters) - Old Mutual Plc

* Says OM Asset Management announced today closed its underwritten public offering of 14.95 million of its ordinary shares.

* Says following sale, Old Mutual now owns 51.1 pct of OMAM.

* Says shares were sold by Old mutual at a public offering price of $14.25 per share.

* Says Old Mutual will realise gross proceeds less underwriting discount from offering of $291 million. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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