FBNH Notifies of Proposed Divestment From FBN Insurance

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Wednesday, April 15, 2020 / 1:19 PM / NSE / Header Image Credit: FBN Holdings


In line with Rule 17.5 of the Rulebook of the Exchange 2015, FBN Holdings Plc. ("FBNH" or "the Company") hereby notifies the market that, in line with the Group's strategic objectives, the Company has commenced discussions with Sanlam (PTY) Limited (the owners of the 35% equity of FBN Insurance Limited (FBNI) with a view towards selling its 65% holdings to Sanlam.


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FBN Holdings is engaging the regulators on this matter and further announcement will be made as the discussions progress.

 

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Table:  2019 Audited Results

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