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Sanlam Ltd In Talks For Another Stake In NICO Holdings Ltd-Reuters


Friday, 11 Oct 2013 06:25am EDT 

Reuters reported that Sanlam Limited is in talks to acquire 49% of the general insurance business of NICO Holdings Ltd in four African countries for an undisclosed amount. Sanlam, which already owns 49 percent of NICO's life insurance business in Malawi, said in a statement it was in talks to take a similar stake in NICO's general insurance operations in Malawi, Tanzania, Uganda and Zambia. 

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