Sanlam acquires a majority share in Nico Vida

Sanlam Emerging Markets (SEM) announced the acquisition of 51% of shares in Nico Vida, a Mozambican life insurance held by Nico Holding Group (Malawi).

This acquisition, whose amount has not been disclosed, is right on line with the SEM strategy declared in 2014 placing Angola, Zimbabwe and Mozambique as a priority target.