Malawi: Old Mutual Malawi Accused of 'Corporate Sabotage' Over Fdh Shares

Old Mutual Investment Group has been accused of 'corporate sabotage' over the sale of FDH Bank shares after it released a report telling its pensioners not to purchase the shares even though Old Mutual holds shareholding in FDH Bank.

One of the Old Mutual pensioners said Old Mutual released an analysis of the FDH Bank Initial Public Offering (IPO) of the shares on 9th July 2020 where it advised against the purchase of the shares through IPO at K10 per share saying the price is 'significantly' over-valued.

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