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.
04/01/2022 at 14h28, by Africa Business+
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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