Magazine date:
Jul 2012 The Cameroonian insurer Saar has acquired a stake in Ilico. The shareholders of the Senegalese life company were seeking a partner that is able to provide funds. Following this move, Ilico’s share capital has grown from 750 million FCFA (1 457 250 USD) to 1.5 billion FCFA (2 914 500 USD). This agreement enables the Cameroonian insurer to detain a 56.9% participation in Ilico, renamed Saar vie as of June 1, 2012.