Sanlam to increase its stake in Saham Assurance Maroc

Saham AssurancesThe South African insurer Sanlam is increasing its stake in the capital of its Moroccan subsidiary Saham Assurance from 61.7% to 84.5%.

The operation consists in the acquisition of 22.8% of shares from Sanlam Holding for an amount of 1.241 billion MAD (137.2 million USD).

The transaction is still pending the approval of the Moroccan and South African regulatory authorities.

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits