Conduit Capital to offload insurance business

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The sale of Constantia Risk and Insurance to Namibian group Trustco is expected to be completed by March

Investment holding company Conduit Capital has reached an agreement to sell its insurance business to Namibian financial services group Trustco for R2bn in a move to improve its financial position.

Conduit Capital said the sale of its insurance business, Constantia Risk and Insurance, to Trustco’s subsidiary Legal Shielding Holdings would bolster its balance sheet.

 

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