Page 10 - ஜேசன் க்வின் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Photo: Elvira Wood Absa Group is in talks to sell part or all of its asset-management business to Africa’s largest insurer, a deal that could create a firm with more than R900 billion in assets, according to people familiar with the matter. South Africa’s third-largest lender is in discussions with both Sanlam and partner African Rainbow Capital Investments about a deal, said the people, who asked not to be named because the discussions are private. No decision has been reached and an agreement may not be concluded, they said. A combination of the Absa business with the Sanlam-owned equivalent would become one of the country’s largest money managers, behind the state-owned Public Investment Corporation. The negotiating parties see room for further growth as the sector is otherwise populated with a number of small players, the people said.

South africaSouth africanPatrice motsepeDaniel mmineleJason quinnPublic investment corporationAbsa groupAfrican rainbow capital investmentsPublic investmentRainbow capitalSanlam investmentsஜேசன் க்வின்பொது முதலீடு நிறுவனம்பொது முதலீடுவானவில் மூலதனம்