Deals
Sanlam Buys Stake in India’s Shriram, May Enter Mozambique
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Sanlam Ltd., the largest South African-based insurer, will spend 1.9 billion rand ($266 million) to buy 26 percent of India’s Shriram Capital as it expands outside its home market.
“We are also investigating a number of opportunities for expansion in Africa,” the Cape Town-based insurer said in a statement today. Sanlam may enter Mozambique by the end of the year and is considering expansion in Southeast Asia, the company said.