Santam to raise its stake in Indwe Broker Holdings to 100%
Santam is set to increase its stake in Indwe Broker Holdings' capital from the current 24% to 100%.
To this end, the insurer intends to buy the remaining shares (76%) from African Rainbow Capital (ARC) Financial Services (51%) and Sanlam (25%), Santam's parent company. The transaction is valued at 125 million ZAR (8.3 million USD).
Read also | Sanlam Life & Pensions UK divests its business
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Fri, 12/11/2021 - 10:11
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