Sanlam reaches massive asset management deal with UK-based Ninety One
By Edward West | Published 20h ago
A total pool of assets of about R400bn (as of 30 September 2024) was expected to transfer to Ninety One.
By Edward West | Published 20h ago
A total pool of assets of about R400bn (as of 30 September 2024) was expected to transfer to Ninety One.
By Edward West | Published Nov 20, 2024
In recognition of the value transferred, Ninety One intends to issue shares to Sanlam, giving Sanlam an approximate stake of 12. 3% of Ninety One’s share capital. Ninety One will remain an independent investment manager with staff as its largest shareholder.
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