FBN Insurance will make a bid for Oasis Insurance

FBN Insurance will officially make its bid for the acquisition of the 28.8% stakes which it does not yet have in the capital of Oasis Insurance.

The subsidiary of FBN Holdings and Sanlam, should offer, according to Reuters, a total amount of 6.25 million USD for the remaining shares.

The acquisition transaction will start on July,10 for a duration of 3 weeks.