Allianz Europe B.V. entered into an agreement to acquire 10% stake in SAN JV (RF) (Pty) Ltd. from Santam Ltd (JSE:SNT) for approximately R2 billion on May 4, 2022. The transaction is subject to regulatory approvals that are expected to be obtained before the end of 2023. The transaction is expected to close during the second half of 2023. As of September 5, 2023, regulatory approval has been received.

Allianz Europe B.V. completed the acquisition of 10% stake in SAN JV (RF) (Pty) Ltd. from Santam Ltd (JSE:SNT) for approximately R2.6 billion in September 2023.