BRIEF-Sanlam Ltd Says Unit Proposed Acquisition Of Additional 22.8% Interest In AHAM Assurance S.A.

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BRIEF-Sanlam Ltd Says Unit Proposed Acquisition Of Additional 22.8% Interest In AHAM Assurance S.A.
Credit: © Reuters.

May 3 (Reuters) - Sanlam Ltd SLMJ.J :

* JSE: SLM - SNT - SANLAM LIMITED/SANTAM LIMITED - PROPOSED ACQUISITION OF AN ADDITIONAL 22.8% INTEREST IN SAHAM ASSURANCE S.A.

* SANLAM - PROPOSED ACQUISITION IS FOR TOTAL CONSIDERATION OF MAD 1,241 MILLION PAYABLE IN CASH ON EFFECTIVE DATE, WILL BE FUNDED BY USING DEBT FACILITIES

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