FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam

FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam

Goddy Egene FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Salam (PTY) Limited, which used to hold 35 per cent stake in the insurance firm. The financial conglomerate had in April announced its plan to divest, saying it is in line with FBN Holdings’ “strategic objectives.” However, in […]

The post FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam appeared first on THISDAYLIVE.

Source: FBN Holdings Divests from Insurance Subsidiary, Sells Firm to Sanlam

-----
post culled from thisdaylive