Sanlam looking for new partner in Nigeria’s FBN Insurance
Less than five months after buying 65% of FBN Holdings’ capital, the South African insurer is looking to replace its former strategic partner.
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▪ Sanlam looking for new partner in Nigeria’s FBN Insurance
▪ Less than five months after buying 65% of FBN Holdings’ capital, the South African insurer is looking to replace its former strategic partner.
▪ https://www.africabusinessplus.com/en/805808/sanlam-looking-for-new-partner-in-nigerias-fbn-insurance/
The deal could bring in some R 650m (€33m) based on the 1 June purchase price, when the continent’s largest nonbank financial institution spent, in the midst of a health crisis, R 1.3bn (€33m) on the acquisition.
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