Continental Reinsurance: Sanlam to sell all its shares to ACA
Nigerian investor African Capital Alliance (ACA) is set to become the sole owner of pan-African reinsurer Continental Reinsurance Plc, as Sanlam focuses on building its partnership with Allianz.
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▪ Continental Reinsurance: Sanlam to sell all its shares to ACA
▪ Nigerian investor African Capital Alliance (ACA) is set to become the sole owner of pan-African reinsurer Continental Reinsurance Plc, as Sanlam focuses on building its partnership with Allianz.
▪ https://www.africabusinessplus.com/en/815796/continental-reinsurance-sanlam-to-sell-all-its-shares-to-aca/
According to Africa Business+ sources, negotiations between African Capital Alliance (ACA) and Sanlam are advanced, and the latter’s exit from Continental Reinsurance Plc (C-Re) is imminent. However, the deal still needs to be approved by various regulators as C-Re operates in about 50 countries.
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