SANLAM LIMITED The Group progressed further on its strategy in the first quarter of 2024. In February, Sanlam announced an offer to acquire all the issued ordinary shares in Assupol for R6.5 billion, subject to requisite approvals, one of which was the Assupol shareholders' approval, which has been granted. The transaction will strengthen Sanlam's position in the South African entry-level market segment in the long term.
The final step in integrating the Absa asset management business into Sanlam's investment operations took place with the merger of the Absa Fund Managers platform into the Sanlam Collective Investments platform in March 2024.
In line with the Group's strategy to strengthen its position in the fast-growing Indian insurance sector, in April, Sanlam announced the proposed transaction to increase its effective shareholding to more than 50% in the Shriram life and general insurance entities, subject to requisite approvals.
Attachments
- Original Link
- Permalink
Disclaimer
Sanlam Ltd. published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 13:30:01 UTC.
