Announced in May 2022, the proposed merger between the African activities of Sanlam and Allianz [4] is expected to be finalized by September 2023.
The deal, which will create a top-tier pan-African non-bank financial services entity, is still pending the approval of the competent authorities.
Valued at over 2 billion USD, the insurance joint venture will be 60% owned by the South African group Sanlam.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-193-july-2022
[4] https://www.atlas-mag.net/en/article/sanlam-and-allianz-establish-a-joint-venture-in-africa