Iain Williamson-led Old Mutual looks set to acquire South African insurer, Genric
The deal is still subject to regulatory approval.
Old Mutual
Iain Williamson-led Old Mutual plans strategic acquisition in West Africa to deepen operations
Old Mutual is a pan-African investment, savings, insurance and banking group.
Kenyan businessmen Joe Wanjui and James Muguiyi sell UAP shares worth a total of $29.6 million
The transaction raised Old Mutual Holdings’ stake in UAP from 60.7 to 66.7 percent.
Vincent Rague steps in as chairman of UAP Old Mutual Group
Rague’s appointment comes after the board announced the retirement of its outgoing chairman, Joseph Barrage Wanjui.