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Old Mutual completes divestment of Latin American units

The sale of Old Mutual Ltd.'s Latin American businesses to Lily Bermuda Capital Ltd. completed April 1.

Lily Bermuda Capital is a wholly owned subsidiary of Singapore-based CMIG International Holding Pte. Ltd.

The Latin American units are Old Mutual Colombia, a pensions, life insurance, mutual funds and stock brokerage business; Old Mutual Mexico, a life insurance and mutual funds business; and Aiva, an investment adviser and a distribution platform for independent financial advisers in Latin America.