Absa Capital Securities Builds 5.56% Stake in Old Mutual

Old Mutual ( (ODMUF) ) just unveiled an announcement.

Old Mutual has disclosed that Absa Capital Securities has acquired a beneficial interest amounting to 5.56% of its issued ordinary share capital, held on behalf of underlying clients. The acquisition, reported under South Africa’s Companies Act and JSE Listings Requirements, signals a notable institutional stake in the insurer, underscoring ongoing investor interest and potentially enhancing liquidity and market visibility for Old Mutual’s shares.

The company confirmed that the required regulatory notice has been filed with the Takeover Regulation Panel and that its board vouches for the accuracy and completeness of the disclosed information. This development aligns Old Mutual with governance and transparency standards while highlighting the role of major financial intermediaries in consolidating ownership positions within the African financial services sector.

More about Old Mutual

Old Mutual is a premium African financial services group providing a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. Its primary operations are in Africa, complemented by a niche business in China, and it leverages more than 180 years of heritage as a significant player in sub-Saharan African financial markets.

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