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Old Mutual on acquisition trail

South African insurance giant Old Mutual says its still interested in bidding for fund manager Gartmore following its takeover of Gerrard.


Old Mutual agreed to buy Greig Middleton for £525m earlier this week.


Old Mutual group finance director Eric Anstee says: “Gerrard is a great step forward for us, but it doesn&#39t complete our ambitions in terms of building an international asset management business.


“Clearly Gartmore is an interesting asset from our point of view.”

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