Old Mutual Nabs $303M In Sale Of 2 Skandia Units
By Linda Chiem ( March 27, 2014, 1:52 PM EDT) -- British financial services and insurance firm Old Mutual PLC said Thursday that it will sell its Skandia Germany and Skandia Austria units for €220 million ($302.83 million) in cash to an acquisition vehicle of European private equity firm Cinven and German reinsurer Hanover Re. ...
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