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Sanlam acquires FBN Insurance

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Magazine Issue: 
Aviation insurance in turmoil [3]
Magazine date: 
Jun 2020

SanlamFBN Holdings, a Nigerian financial group, sold its entire stake of 65% in FBN Insurance, to Sanlam Emerging Markets.

The latter previously held 35% of the Nigerian company. This operation enables the South African insurer to take full ownership of FBN Insurance and its subsidiary FBN General Insurance. The amount of the transaction was not disclosed.

Read also | Nigerian insurance in 2020: Mergers & Acquisitions [4]

Wed, 10/06/2020 - 14:49

Source URL: https://www.atlas-mag.net/en/article/sanlam-acquires-fbn-insurance

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[4] https://www.atlas-mag.net/en/article/nigerian-insurance-in-2020-mergers-acquisitions