January 2, 2013 / 3:16 PM / 5 years ago

Old Mutual to sell five affiliates worth $12 bln

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JOHANNESBURG, Jan 2 (Reuters) - Insurer Old Mutual said on Wednesday it plans to sell five of its U.S. affiliates to their respective senior management teams.

"These businesses had combined assets under management of $12 billion as at 30 Sept. 2012," it said

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