Santam Ltd (SNTJ.J)
20 Aug 2018
JOHANNESBURG, March 28 Leading South African insurer Sanlam has raised 5.7 billion rand ($490 million) by selling new shares to help fund its joint acquisition of Moroccan company SAHAM Finances, it said on Wednesday.
March 8 South African life insurer Sanlam Ltd said a unit of its joint venture with insurer Santam Ltd would buy the remaining 53.37 percent stake in SAHAM Finances for $1.05 billion.
* ACQUISITION OF INTEREST IN SAHAM FINANCES VIA INDIRECT ACQUISITION OF REMAINING 53.37% SHAREHOLDING NOT OWNED BY SANLAM EMERGING MARKETS IRELAND