Sanlam moves to buy out Santam minority shareholders in R505-a-share deal

South Africa’s largest general insurer faces stock-market exit as Sanlam offers shareholders a 26.6% premium

South Africa’s largest general insurer could leave the Johannesburg Stock Exchange after Sanlam proposed buying out Santam’s remaining eligible shareholders, offering a cash premium to bring the business fully under its ownership.

Sanlam offers R505 a share to take Santam private – Moonstone Information Refinery

Sanlam is offering R505 a share to take full ownership of Santam, a move that would end the insurer’s 62-year listing on the JSE and bring its minority shareholders a 26.6% premium to the current share price. Sanlam, through wholly owned subsidiary Sanlam Life, currently holds an effective 63% of Santam. It has agreed to acquire the remaining shares through a scheme of arrangement, subject to shareholder and regulatory approval. If completed, Sa…

Santam shares set to delist from NSX and A2X – Windhoek Observer

CHAMWE KAIRA Sanlam plans to take full ownership of Santam through a cash offer of N$505 per share, after which Santam will be delisted from the Johannesburg Stock Exchange (JSE), the Namibia Securities Exchange (NSX) and A2X. Following implementation of the scheme, all Santam shares will be automatically delisted from the JSE Main Board, while applications will be made to the NSX and A2X to terminate Santam’s listings on those exchanges. No add…

Sanlam moves to buy out Santam minority shareholders in R505-a-share deal

In a move set to reshape South Africa's insurance landscape, Sanlam has launched a bid to acquire all the shares in Santam that it does