Sanlam Emerging Markets in discussions with NICO Holdings Limited for the acquisition of a stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia
11 October 2013
Sanlam Emerging Markets (SEM), the cluster within the Sanlam Group tasked with expansion into international emerging markets, has announced that it is currently finalising agreements to acquire 49% of NICO Holdings Limited’s stake in the NICO group’s general insurance operations in Malawi, Zambia, Uganda and Tanzania.