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Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

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Wed, Mar 28 2018

South Africa's Sanlam raises $490 mln in new share issue

JOHANNESBURG, March 28 South Africa's Sanlam has raised 5.7 billion rand ($490 million) from selling new shares to help fund its joint acquisition of Moroccan company SAHAM Finances, the insurer said on Wednesday.

BRIEF-Sanlam Says Raised 5.7 Bln Rand Via Placing

* ‍TOTAL OF 65.5 MILLION NEW ORDINARY SHARES IN COMPANY HAVE BEEN PLACED BY J.P. MORGAN SECURITIES PLC AND DEUTSCHE BANK AG​

BRIEF-Books Covered On Sanlam Up To ZAR 5.7 Bln Primary Placing - Bookrunner ‍​

* BOOKRUNNER SAYS BOOKS ARE COVERED ON SANLAM UP TO C.ZAR5.7BN PRIMARY PLACING‍​ Further company coverage:

Sanlam buys out Morocco's SAHAM Finances in $1 billion African expansion

JOHANNESBURG/RABAT South Africa's biggest insurer Sanlam Ltd said on Thursday it will buy the rest of Moroccan insurer SAHAM Finances for $1 billion, as part of its plan to become a Pan-African insurance group.

UPDATE 1-Sanlam buys out Morocco's SAHAM Finances in $1 bln African expansion

JOHANNESBURG/RABAT, March 8 South Africa's biggest insurer Sanlam Ltd said on Thursday it will buy the rest of Moroccan insurer SAHAM Finances for $1 billion, as part of its plan to become a Pan-African insurance group.

Sanlam, Santam JV to buy rest of SAHAM Finances for $1.05 bln

March 8 South African life insurer Sanlam Ltd said a unit of its joint venture with insurer Santam Ltd would buy the remaining 53.37 percent stake in SAHAM Finances for $1.05 billion.

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