Sanlam Unit Buys 49% Stake in FirstGlobal Asset Management

July 14, 2016

Graviton Financial Partners, a wholly owned unit of Sanlam Investment Holdings, has bought a 49% stake in FIRSTGLOBAL Asset Management, the South African insurer says in an e-mailed statement.

* Together the two units will have more resources for client advisory services;
* No pricing details given. Source: Bloomberg