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Atlanta Assurances and Sanad’s merger approved

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Magazine Issue: 
The pandemic risk, insurers’ future Eldorado [3]
Magazine date: 
Jul 2020

merger of Atlanta with its subsidiary SanadThe Moroccan Capital Market Authority (AMMC) has approved the proposed merger of Atlanta with its subsidiary Sanad [4]. The new structure will operate under the name of "AtlantaSanad".

Atlanta will thus proceed to a capital increase through the creation of 93 159 new shares with a nominal value of 10 MAD (1.07 USD). The total amount of the transaction was set at 8 263 203 MAD (890 500 USD).

The transaction remains subject to the shareholders’ approval during the Extraordinary General Meeting which will be held on 25 September 2020.

Wed, 16/09/2020 - 11:29

Source URL: https://www.atlas-mag.net/en/article/atlanta-assurances-and-sanad-s-merger-approved

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