Wendel SA acquires 13.3 percent stake in Saham Group - All Africa

Monday, 13 Jan 2014 07:00pm EST 

Wendel SA:Says that it has acquired a 13.3 percent stake in Saham Group for 100 million euro ($137.5 million) via a capital increase aimed at stepping up the Morocco-based insurer’s expansion in Africa and the Middle East, and strengthening its resources - All Africa.Says that it will take part in the governance of the Group via its board of directors, enabling it to fully carry out its role as a core shareholder. 

Company Quote

-0.27 -0.30%
17 Dec 2014