@StandardMedia

Sanlam seals Sh110b deal

2 months ago, 12 Oct 00:09

By: Reuters

[Photo:Courtesy]

Sanlam seals Sh110b deal. South Africa’s biggest insurer, Sanlam, has sealed a Sh110 billion deal to acquire the remaining 53.37 per cent stake in Moroccan insurance firm Saham Finances after receiving regulatory approvals, it said yesterday. Saham Finances is Sanlam’s biggest acquisition yet, and expands its presence to 33 countries across Africa. The conclusion of the deal cements its presence in North Africa.


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Category: business news topnews

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@StandardMedia

Sanlam seals Sh110b deal

2 months ago, 12 Oct 00:09

By: Reuters

[Photo:Courtesy]

Sanlam seals Sh110b deal. South Africa’s biggest insurer, Sanlam, has sealed a Sh110 billion deal to acquire the remaining 53.37 per cent stake in Moroccan insurance firm Saham Finances after receiving regulatory approvals, it said yesterday. Saham Finances is Sanlam’s biggest acquisition yet, and expands its presence to 33 countries across Africa. The conclusion of the deal cements its presence in North Africa.


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