TIISETSO MOTSOENENG: Ninety One, Sanlam tie-up fuels M&A wave
Competition Commission should approve merger as it promises a stronger, more competitive future for the industry
M&A in the asset management industry are about as surprising as when night follows day. Yet the tie-up (https://www.businesslive.co.za/bd/companies/financial-services/2024-11-20-sanlam-and-ninety-one-form-asset-management-relationship/) between Ninety One and Sanlam Investment Management (SIM) is anything but another bland merger. It’s a turbocharged booster shot for the already bustling trend of consolidation in the industry.
Ninety One, a behemoth managing more than R3-trillion in assets, has decided to scoop up SIM, along with its R400bn in assets under management. In return, Sanlam gets a cosy stake in Ninety One, valued at a cool R5bn. ..
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