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Sanlam Emerging Market (SEM), a branch of Sanlam Group, has given its green light to cede its interest in three subsidiaries of the Ghanaian holding Enterprise Group to Leapfrog.
The transaction which is valued at 130 million aims at rationalizing the group's presence in the local market. The South African insurer will henceforth use Saham Finances, which has a local presence as the only bridgehead in Ghana. It should be noted that Sanlam holds 46.6% of Saham's capital.
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