IN BRIEF: Old Mutual says Black Economic Empowerment ownership ongoing

Fri, 04th Nov 2022 16:57

Old Mutual Ltd - Cape Town-based investments, savings, insurance and banking company - Says that the verification and allocation process for its Broad-Based Black Economic Empowerment ownership transaction, known as Old Mutual Bula Tsela, is ongoing. Shares are expected to be issued to successful retail offer applicants on November 25.

Current stock price: ZAR10.62

12-month change: down 25%

By Heather Rydings; heatherrydings@alliancenews.com

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