Sanlam fails to take a stake in Saham Assurance Maroc

Sanlam fails to take a stake in Saham Assurance Maroc

The preconditions were not met. Sanlam thus remains the majority shareholder at 61.7%, via SAN JV, a vehicle held by Sanlam Emerging Markets (SEM) and Santam, two subsidiaries of the South African insurance group.

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            ▪ Sanlam fails to take a stake in Saham Assurance Maroc

▪ The preconditions were not met. Sanlam thus remains the majority shareholder at 61.7%, via SAN JV, a vehicle held by Sanlam Emerging Markets (SEM) and Santam, two subsidiaries of the South African insurance group.

https://www.africabusinessplus.com/en/810611/sanlam-fails-to-take-a-stake-in-saham-assurance-maroc-2/

Sanlam had offered 1.241 billion dirhams (about $132 million) last May to acquire an additional 22.8% stake in Saham from Moroccan businessman Said Alj, including Sanam Holdings and First Commercial Estate Company.

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