JOHANNESBURG, Dec 22 - African insurer Sanlam Ltd (SNTJ.J) said on Wednesday it was exploring "strategic alternatives" with Germany's Allianz SE (ALVG.DE) for their respective African businesses, excluding Sanlam's home market of South Africa. Sanlam, South Africa's No.1 insurer, did not elaborate on what the options were, but advised shareholders to exercise caution when dealing…
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