Zimbabwe: Allan Gray Increases Shareholding in Old Mutual to 10 Percent

South Africa based investment management company, Allan Gray has increased its shareholding threshold in diversified financial services conglomerate Old Mutual Limited (OML) to 10%.

A notice to shareholders released by Old Mutual Tuesday showed the latest details arrived at upon completion of the transaction conducted in accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act") and section 3.83(b) of the Johannesburg Stock Exchange Limited listings requirements.

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