On Friday, share prices of Old Mutual dropped six percent or more as the company confirmed its plans of separating its activities into four different business units. The four new businesses will be split into Nedbank, OM Asset Management, Old Mutual Emerging Markets (OMEM) and its UK wealth business.
According to Old Mutual the separation in businesses will be done in such a way that it will maximize value to shareholders along with leaving enough room for the different businesses to expand further.