BRIEF-Alexander Forbes Announces Disposal Of Short-Term Insurance Business In South Africa

  • Reuters
  • Stock Market News
BRIEF-Alexander Forbes Announces Disposal Of Short-Term Insurance Business In South Africa
Credit: © Reuters.

July 25 (Reuters) - Alexander Forbes Group Holdings Ltd AFHJ.J :

* PROPOSED DEAL BENEFITS CO THROUGH REALISATION OF VALUE FOR SHAREHOLDERS, BALANCES APPROPRIATE SOLUTIONS FOR CLIENTS (ADDS DROPPED WORDS)

* DISPOSAL OF SHORT-TERM INSURANCE BUSINESS IN SOUTH AFRICA

* INTEND TO RETURN EXCESS CAPITAL FROM DEAL TO SHAREHOLDERS AFTER TAKING COGNISANCE OF INVESTMENT NEEDS OF GROUP

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