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Maroc Maroc - NAIJA247NEWS.COM - A La Une - 19/Jun 00:18

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 […]

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