The surprise sale of Rand Merchant Investment Holdings’s (RMI’s) 30% stake in UK insurer Hastings to its co-investor, Sampo, means that RMI — which owns Outsurance and is also in the process of unbundling Momentum and Discovery — is suddenly awash with cash. What now for shareholders? The FM spoke to RMI CEO Herman Bosman.
Were you not wanting to build up an insurance conglomerate? Or did you simply get a price too good to refuse?..
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