Outsurance sells investment unit to Alexforbes
The price for Outvest was not disclosed
Outsurance has confirmed the sale of its underperforming investment unit Outvest to financial services group Alexforbes, after first hinting at the deal in August as part of the insurer’s strategic review.
Outsurance, valued at about R64.2bn on the JSE, and Alexforbes, valued at R8.4bn, confirmed the deal on Wednesday, but neither disclosed the amount...
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