The new entity is expected to have a combined total group equity value in excess of $2.1 billion.
Sanlam
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Motsepe owns a minority stake in Sanlam through his financial business Ubuntu-Botho Investments.
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Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
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Patrice Motsepe’s Sanlam plans strategic acquisitions to strengthen its Africa operations
by Ishioma Emiby Ishioma EmiSanlam seeks to acquire Alexander Forbes and an additional 22.8-percent stake worth R2 billion in Saham Assurance Maroc.
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The deal would create one of South Africa’s biggest lenders.
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