The two giants are creating a leading pan-African financial services group with an extensive footprint across the African continent. However, shareholders have been assured that “the transaction does not have any bearing on the operations of BIHL as the ultimate control of the Group will remain with Sanlam”.
The combined operations of Sanlam and Allianz will create a premier pan-African non-banking financial services entity operating in over 29 countries across the continent.
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