Santam to acquire stake in MultiChoice’s insurance business
Santam will pay Sanlam Life R925 million to buy 60% of the A1 ordinary shares in NMS Insurance Services.
Santam will pay Sanlam Life R925 million to buy 60% of the A1 ordinary shares in NMS Insurance Services.
MultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.