Conduit Capital seals deal to sell insurance unit
The sale of Constantia Risk and Insurance to Namibian group Trustco is expected to be completed by March
09 December 2019 - 08:54
Investment holding company Conduit Capital has reached agreement in a R2bn sale of its insurance business to Namibian financial services group Trustco.
The sale to Trustco’s subsidiary Legal Shielding Holdings (LSH) is expected to be implemented by end-March 2020, the company said on Monday. In it Conduit Capital will take a 16.1% stake in LSH...
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