Sanlam and Santam conclude acquisition of a further 16.6% stake in SAHAM Finances
11 May 2017
Sanlam and Santam confirm that all conditions precedent have been met, including all the necessary regulatory approvals, to increase their effective stake in Morocco-based SAHAM Finances S.A. (SAHAM Finances) by a further 16.6% to 46.6% for USD329 million plus transaction costs. The effective date of the transaction is 10 May 2017.