Sanlam Acquires Majority Stake in MultiChoice’s Insurance Business for 1.2 Billion Rand

JOHANNESBURG, June 18 (Reuters) – South African insurer Sanlam (SLMJ.J) announced on Tuesday its acquisition of a 60% stake in MultiChoice’s (MCGJ.J) insurance business for 1.2 billion rand ($66 million) in cash, with an additional performance-based earn-out potential of up to 1.5 billion rand. MultiChoice, Africa’s largest pay-TV company, revealed that its insurance division has […]

South Africa’s Sanlam To Buy 60% Of MultiChoice’s Insurance Business

arise.tv - 18/Jun 08:44

South African insurer Sanlam will buy a 60% stake in MultiChoice's insurance business for an upfront cash $66 million.

MultiChoice selling huge chunk of insurance business to Sanlam in R2.7-billion deal

mybroadband.co.za - 18/Jun 06:50

Sanlam is set to acquire a majority stake of MultiChoice’s insurance business.

Sanlam to buy 60% of DStv insurance business

techcentral.co.za - 18/Jun 07:02

Sanlam will buy a 60% stake in MultiChoice South Africa's insurance business for an upfront cash amount of R1.2-billion.

AFRICAN EXPANSION: Sanlam to snap up MultiChoice’s insurance business

daily maverick - 18/Jun 14:20

In line with its narrative of growing its presence in Africa, financial services giant Sanlam is stepping up with R1.2-billion cash upfront for a 60%...

Swiss insurer Zurich buys 70% in Kotak's non-life biz

times of india - 19/Jun 23:01

Zurich Insurance acquires a 70% stake in Kotak Mahindra General Insurance for $670 million, marking the largest foreign investment in India's general...

NCBA Acquires 100% Stake In AIG Insurance

businesstimes.co.ke - 01/Jul 13:53

NCBA Group PLC (NCBA) has announced the completion of its 100% acquisition of AIG Kenya

Aquiline Capital acquires majority stake in Isio Group

healthtechzone.com - 11:30

Otedola acquires N17.2bn additional stake in FBN Holdings

stocksng.com - 25/Jun 05:46

CEOs of SA’s top five property firms earn over R254 000 daily

capetownetc.com - 24/Jun 16:00

The five largest property companies listed on the Johannesburg Stock Exchange (JSE) have a combined market capitalisation of R119.9 billion, meaning...

Marketplace Events Acquires 31 Shows from Master Promotions in Largest Acquisition to Date

financialpost.com - 16:00

Brings total portfolio to 111 events: 66 US and 45 in Canada TORONTO, July 02, 2024 (GLOBE NEWSWIRE) — Marketplace Events (MPE), North...

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