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Record:
| Header: |
Sanlam Life Insurance and Coris Capital Holdings |
| Case No : |
04/LM/Feb10 |
| Parties: |
Sanlam Life Insurance Limited
AND
Coris Capital Holdings (Pty)Ltd |
| Case Rating: |
1 |
| Date: |
10/3/2010 |
| Time: |
10:00:00 AM |
| Case summary: |
The Competition Tribunal unconditionally approved the merger between Sanlam Life Insurance Limited and Coris Capital Holdings.
Sanlam Life, through its shareholding in Sanlam Independent Financial Services (SIFS) currently exercises joint control over Coris Holdings.
Sanlam Life will acquire an additional 37.82% of the issued share capital in Coris Holdings, as well as transfer of the 62.18% currently held by SIFS to Sanlam Life. Post transaction, Sanlam group shall hold the entire issued share capital of, and exercise sole control of, Coris Holdings.
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| Keywords: |
large merger, financial services, provision of advisory services, collective investment scheme management services, the provision of retirement fund to consumers and the provisions of home loans in South Africa, national |
| Judgment source: |
Competition Tribunal |
| Documents: |
04LMFeb10.pdf
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| Last update user: |
tebogo mputle |
| Last update date: |
11/3/2010 12:41:03 PM |
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