In a move set to reshape South Africa’s insurance landscape, Sanlam has launched a bid to acquire all the shares in Santam that it does not already own, paving the way for the country’s largest short-term insurer to be delisted from the Johannesburg Stock Exchange (JSE) after more than six decades as a listed company.The proposed transaction will see Sanlam, through its wholly owned subsidiary Sanlam Life, offer Santam minority shareholders R505 per share in cash to acquire the 37.3% stake it does not currently own. Sanlam already holds an effective 62.7% shareholding in Santam.If...

https://sundayworld.co.za/business/companies/sanlam-moves-to-buy-out-santam-minority-shareholders-in-r505-a-share-deal/?utm_source=rss&utm_medium=rss&utm_campaign=sanlam-moves-to-buy-out-santam-minority-shareholders-in-r505-a-share-deal

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