Sanlam increases its stake in Pan Africa Insurance

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The South African insurer Sanlam is investing approximately 200 million KES (2.3 million USD) to acquire an additional 5.6% of Pan Africa Insurance’s capital. Sanlam controls 60% of the Kenyan insurer. This majority stake is now sufficient to influence business decisions and impose changes in the composition of the board of directors.

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Fri, 07/06/2013 - 11:41
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