Old Mutual Organic chemistry

It’s not surprising that Old Mutual wants to talk up its organic growth prospects following an impressive set of interim results. The South African financial services group is midway through due diligence on Skandia. And there’s plenty of rival interest in the Swedish insurer. It strengthens Old Mutual’s negotiating hand to telegraph that it could walk away from the talks and still prosper in its current form. In reality, Old Mutual would probably be loath to walk away. True, its core South Afr...