Business Sanlam Acquires Direct Stake in Nigeria’s Oasis Insurance

Vunderkind

Social Member
Johannesburg – Sanlam has said on Monday that it has taken indirect stake in Nigeria’s Oasis Insurance, after a company it owns partially purchased 71.2% in the insurance company.

According to a statement by Sanlam, FBN Life Assurance (owned in part by Sanlam) has bought the stake, and this gives Sanlam an entry point into the insurance sector of Africa’s most populous nation.
 
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