Sanlam acquires 40% of Enterprise Insurance Company

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Sanlam Emerging Markets (South Africa) has bought 40% of the stakes of Enterprise Insurance Company (EIC), subsidiary of Enterprise Group Ltd.

The operation, of an amount of 21.12 million USD, is awaiting the approval of market authorities.

As a reminder, Sanlam is already a 49% shareholder of Enterprise Life Assurance Company (ELAC), the life subsidiary of the group Enterprise.

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Tue, 07/10/2014 - 13:48
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