Old Mutual completes sale of Nordic unit

Shareholders of savings, investments and insurance giant Old Mutual are in line for their eagerly-awaited special dividend after the firm finally completed the sale of its Nordic business.

Shareholders of savings, investments and insurance giant Old Mutual are in line for their eagerly-awaited special dividend after the firm finally completed the sale of its Nordic business.

The Nordic division - the long-term savings and banking operations in Sweden, Denmark and Norway, to Skandia Liv - is being sold to Skandia Liv for a net cash consideration of SEK22.4bn (£2.1bn).

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