BRIEF-African Rainbow Capital Concludes Acquisition Of Stake In Sanlam's Third-Party Asset Management Business

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BRIEF-African Rainbow Capital Concludes Acquisition Of Stake In Sanlam's Third-Party Asset Management Business
Credit: © Reuters.

Dec 9 (Reuters) - African Rainbow Capital Investments Ltd AILJ.J :

* JSE: AIL - PROPOSED ACQUISITION OF 25% SHAREHOLDING IN SANLAM'S THIRD-PARTY ASSET MANAGEMENT BUSINESS

* AFRICAN RAINBOW CAPITAL INVESTMENTS-SANLAM INTENDS TO ESTABLISH ASSET MANAGEMENT CO VIA SALE OF 25% OF SOUTH AFRICAN THIRD-PARTY ASSET MANAGEMENT UNIT

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - COMPANY CONFIRMS CONCLUSION OF ACQUISITION

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