# Financial services group and long-term insurer Sanlam has announced it will take over the remaining 37.3-percent stake it does not already own in short-term insurer Santam. If the transaction is approved by minority shareholders as is expected, Santam will be delisted from the JSE, the Namibian Stock Exchange and A2X. Sanlam has offered 505-rand per share to investors. CEO Paul Hanratty says Santam’s board had confirmed it unanimously supports the scheme of arrangement and will recommend that eligible shareholders vote in favour of it.
Sanlam plans to take over Santam