Old Mutual’s acquisition of Genric Insurance Company estimated at 300 million rands
Old Mutual, an Anglo-South African insurance company, was assisted in its financial due diligence by Mazars and in all legal aspect by Bowmans.
08/09/2022 at 20h18, by Africa Business+
Through its subsidiary Old Mutual Insure, Old Mutual has acquired the entire ownership of Genric Insurance Company (Genric), including the 30% stake belonging to RH Bophelo Limited (RHB), an investor in the health care sector, for a cash total estimated at almost 90 million de rands (about 5.2 million rands).
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