Sanlam has finalised its R6.5 billion acquisition of Assupol Holdings and will integrate the insurer into Sanlam’s Retail Mass business segment. According to Sanlam, the Retail Mass segment is a key strategic priority for the group, with significant focus and support directed toward ensuring sustained growth in this market. The Competition Commission approved the transaction with conditions, including a three-year moratorium on merger-related retrenchments. Assupol will reportedly maintain its brand identity and management team, continuing to serve its clientele under the Sanlam umbrella.
