Sanlam buys out Morocco's SAHAM Finances in $1 bln African expansion
By Nqobile Dludla and Zakia Abdennebi JOHANNESBURG/RABAT, March 8 (Reuters) — South Africa’s biggest insurer Sanlam Ltd said on Thursday it will buy the rest of Moroccan insurer SAHAM Finances for $1 billion, as part of its plan to become a Pan-African insurance group. The deal will give Sanlam, valued at more than $16 billion, …
