Sanlam and Allianz to combine resources across 29 African countries following €2 billion deal

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Pulse-gh May 4, 2022 8:44 a.m.

Sanlam and Allianz to combine resources across 29 African countries following €2 billion deal

"In line with Sanlam’s stated strategy to become a leading Pan-African financial services group by driving operational excellence in core markets and selective expansion into high priority countries, the proposed transaction will enable Sanlam to enhance its capabilities in existing markets and expand its footprint and market leading positions in certain key jurisdictions on the African continent,"said a part of the statement by Sanlam.

READ:MTN receives final approval from CBN to operate Momo Payment Service Bank Ltd in Nigeria The statement further disclosed that the shareholding structure in the joint venture would be split 60%-40%, with Sanlam holding the controlling interest while Allianz holds a minority stake of 40%..

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