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Skandia confirms sale of Polish business

Old Mutual Wealth has confirmed the sale of its Skandia Poland arm to Vienna Insurance Group has been completed.

The deal was first announced in November 2013.

The business has been offloading units of the Skandia brand in Europe as part of what it says is its “commitment to simplify its operations in Europe and to focus on a number of core growth markets”. 

In the UK it recently moved to acquire adviser network Intrinsic


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