Alexander Forbes Investors Approve Sale of 10% to Motsepe’s ARC

January 20, 2017

Shareholders approved the sale of 10% of Alexander Forbes to billionaire Patrice Motsepe’s African Rainbow Capital for 753 million rand in cash, Johannesburg-based Alex Forbes says in e-mailed statement.

* NOTE: Deal was first announced in Nov.
* NOTE: Stake in Alex Forbes excludes the insurer’s businesses outside of Africa. Source: Bloomberg