Sanlam buys 49pc of Pacific & Orient Insurance
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Sanlam buys 49pc of Pacific & Orient Insurance
Sanlam, a South African financial
services group, is making a foray into Southeast Asia's insurance
industry via the acquisition of a 49% stake in Pacific & Orient
Insurance Co Bhd (POI). Last Friday, the company announced that it had
concluded the acquisition of the 49% stake in the Malaysian niche
short-term insurer, POI, for RM270m. The transaction is being executed
by Sanlam Emerging Markets, the business cluster responsible for Sanlam
group's international expansion into selected emerging markets. (Btimes)
services group, is making a foray into Southeast Asia's insurance
industry via the acquisition of a 49% stake in Pacific & Orient
Insurance Co Bhd (POI). Last Friday, the company announced that it had
concluded the acquisition of the 49% stake in the Malaysian niche
short-term insurer, POI, for RM270m. The transaction is being executed
by Sanlam Emerging Markets, the business cluster responsible for Sanlam
group's international expansion into selected emerging markets. (Btimes)
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