SAfrica's Imperial considers insurance merger
JOHANNESBURG, May 12 (Reuters) - Africa's biggest transport and logistics company, Imperial Holdings (IPLJ.J: Quote, Profile, Research, Stock Buzz), said on Monday it was considering a merger of its Regent Life and Regent Insurance companies.
"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)
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