Sanlam takeover of Santam to hit NSX trading
FROM THE PUBLISHER
The proposed takeover of Santam by its majority shareholder Sanlam will remove a significant source of trading activity from the Namibian Securities Exchange, with Santam accounting for 5.15% of the exchange’s total equity turnover so far this year. Sanlam, which already owns about 63% of Santam, has offered R505 per share to acquire the remaining shares and take the insurer private. The transaction, if approved, will result in Santam being delisted from the Johannesburg Stock…
Original reporting by The Namibian. Some articles may require a subscription.