Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

Blog

Nigeria: Sanlam Emerging Markets acquires full stake in FBN Insurance

South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its subsidiary FBN General Insurance.

See the source image

The acquisition follows a deal signed between FBN Holding (parent company of FBN Insurance and FBN General Insurance) and Sanlam which grants the South African company the ownership over the 65% stake held by FBN Holding in the two branches. Before the agreement was signed, Sanlam held 35% in FBN Insurance.

Let’s note that FBN Holdings started the process of selling its shares in the capital of FBN Insurance since April 2020. The operation is in line with the development strategy of the Nigerian group. The financial details of this sale have not been disclosed.

Source: https://www.ecofinagency.com/finance/0206-41426-nigeria-sanlam-emerging-markets-acquires-full-stake-in-fbn-insurance?utm_source=newsletter_12559&utm_medium=email&utm_campaign=ecofin-agency-02-06-2020

No Comments
Add Comment
Name*
Email*
Website

Select your currency