Investec expects 189 million pounds from asset management spin-off in March
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JOHANNESBURG/LONDON (Reuters) - Anglo-South African financial services group Investec expects to raise about 189 million pounds from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.Investec, which manages more than 119 billion pounds in assets, announced plans for the split last year and said the asset manager would be better able to focus on creating long term value away from Investec's banking and wealth operations.The..