Old mutual gains U.K. approval to acquire Sweden's Skandia.Old Mutual Group plc said it gained regulatory approval in the United Kingdom for its planned acquisition of Sweden's Skandia Group. The London-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group also said it boosted the support from among Skandia's shareholders to 69.7% of voting capital, from 68.6% reported three days earlier. Approval from the U.K.'s Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. follows approvals obtained from Swedish financial authorities and those of several other jurisdictions, helping to clear the way for Old Mutual to become the majority shareholder of Skandia. In a statement fried 1. (hardware) fried - Non-working due to hardware failure; burnt out. Especially used of hardware brought down by a "power glitch" (see glitch), drop-outs, a short, or some other electrical event. with the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , Old Mutual said it expects to gain approval from "a small number of other jurisdictions," which it didn't identify. |
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