New ##castle - based micro Capital US is set to acquire a 24.95 % stake in micro Asset Management in a two - stage deal worth $ 446 m . OMAM investment company , London - based Old Mutual , said the agreement would include a 9.95 % sale of OMAM shares held by Old Mutual at $ 15.30 per share , followed by a further 15 % of shares , sold at $ 15.75 each . The first part will be subject to US antitrust clearance , expected in 30 days , while the second part , subject to regulatory approval , is expected to commence during H2 2017 .
New York-based HNA Capital US is set to acquire a 24.95% stake in OM Asset Management in a two-stage deal worth $446m. OMAM parent company, London-based Old Mutual, said the agreement would comprise a 9.95% sale of OMAM shares held by Old Mutual at $15.30 per share, followed by a further 15% of shares, sold at $15.75 each. The first part will be subject to US antitrust clearance, expected in 30 days, while the second part, subject to regulatory approval, is expected to close during H2 2017.