Sanlam to sell asset management stake to ARC for about R800m
African Rainbow Capital is expected to hold a 25% stake in a new black-owned investment management company
20 August 2020 - 09:59
Insurer Sanlam is due to sell a 25% stake in its new black-owned asset management company to Patrice Motsepe’s African Rainbow Capital (ARC).
Based on an effective date of December 1, the expected maximum purchase would be R815.2m at the current prevailing prime rate, Sanlam said...
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