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Demutualization
(redirected from Demutualise)

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Demutualization
Refers to the process that has come about as the result of many not-for-profit exchanges (mutual companies owned by groups of members) converting to for-profit and then shareholder companies in order to go public.
Demutualization
The process by which a mutual company becomes a publicly-traded company. A mutual company is a company owned by its members or users for the benefit of those members or users. In demutualization, the members give up their rights and receive shares in the company in return, which the (now former) members may then sell. Demutualization happens most often when a stock exchange owned by its members goes public.

As an aside, a mutual company should not be confused with a mutual fund.
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But in the mid-1980s the Tories under Mrs Thatcher allowed building societies to demutualise and become public limited companies instead of mutually owned organisations, owned by the customers who borrowed and saved with the society.
Letter: Mailbag - Greed caused the downfalls by Huddersfield Daily Examiner (Huddersfield, England)
In July 1989, the Abbey National became the first society to demutualise and in the decade that ensued, a further nine followed suit, including Northern Rock.
Bank status dash costs the industry dear; in association with RBS ... by The Journal (Newcastle, England)
B&B was the last of the six to demutualise when in 1999 its members voted to sell up.
How turning into banks led to ruins by guardian.co.uk / guardian.co.uk
 
 
 
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