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Maroc Maroc - CAPETOWNETC.COM - A La Une - 28/Oct 14:30

Old Mutual secures R2.2bn stake in 10X investments

Old Mutual has acquired a majority stake in 10X Investments for R2.2 billion, marking one of the insurer’s most significant strategic moves in recent years. The deal sees Old Mutual buying out shares from Old Mutual Private Equity (OMPE) and DiGAME Investments, two firms that first partnered with 10X in 2014 to grow South Africa’s low-cost, tech-driven investment platform. The...

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