• Most Popular
  • Most Shared

SAfrica's Imperial considers insurance merger

Mon May 12, 2008 5:09am EDT

Stocks

   

JOHANNESBURG, May 12 (Reuters) - Africa's biggest transport and logistics company, Imperial Holdings (IPLJ.J), said on Monday it was considering a merger of its Regent Life and Regent Insurance companies.

Stocks  |  Mergers & Acquisitions  |  Global Markets

"A merger would enhance the growth prospects and operational synergies of these businesses through shared marketing, cost savings and more effective risk management and compliance," the company said in a statement.

Imperial said the two businesses, which form the majority of its insurance division, would continue to operate separately in the event of a merger. (Reporting by Serena Chaudhry)

Stocks
Mergers & Acquisitions
Global Markets


More from Reuters

Afghan insurgents kill CIA agents, Canadians

KABUL (Reuters) - Insurgents intensified their campaign against military targets and U.S.-led forces in Afghanistan, killing eight U.S. CIA agents at a base and four Canadian servicemen on patrol and a journalist accompanying them.

» More Top News
A security camera sits on a building in New York City March 6, 2008. REUTERS/Joshua Lott

Trial run in Times Square

Critics say the Sept. 11 trials will endanger America's most populated city. Will a New Year's Eve plan hold up as New York's security template?  Full Article 

U.S.
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary