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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Key shareholders agree in principle about Delta and Rebosis mergerTwo black-owned real estate companies will create a business with R29bn in assets At least one dud
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