Business Maverick: Old Mutual to Move Zimbabwe Listing as Currency War Escalates

Old Mutual has agreed to move its listing to a new bourse in the country that will only deal in foreign currency, three people with direct knowledge of the matter said.

The deal came after talks on Monday between representatives of Old Mutual, the Treasury, the Securities and Exchange Commission of Zimbabwe and the ZSE, the people said, asking not to be identified because negotiations were private.a plunge in the local currency on the 175-year-old insurer’s share price.

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