Bank & Insurance
Sanlam looking for new partner in Nigeria’s FBN Insurance

Sanlam looking for new partner in Nigeria’s FBN Insurance

Less than five months after buying 65% of FBN Holdings’ capital, the South African insurer is looking to replace its former strategic partner.

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            ▪ Sanlam looking for new partner in Nigeria’s FBN Insurance

▪ Less than five months after buying 65% of FBN Holdings’ capital, the South African insurer is looking to replace its former strategic partner.

http://www.jeuneafriquebusinessplus.com/en/805808/sanlam-looking-for-new-partner-in-nigerias-fbn-insurance/

15/10/2020 at 09h39, by Jeune Afrique Business+, updated 19/10/2020

 The deal could bring in some R 650m (€33m) based on the 1 June purchase price, when the continent’s largest nonbank financial institution spent, in the midst of a health crisis, R 1.3bn (€33m) on the acquisition.

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