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The Competition Tribunal will on Wednesday decide on Sanlam Life Insurance Limited's proposed acquisition of an additional 37.82 of Coris Capital Holdings.
Sanlam Life, through its shareholding in Sanlam Independent Financial Services (SIFS), currently exercises joint control over Coris Holdings.
It also intends to transfer the 62.18% currently held by SIFS to Sanlam Life. This means that post transaction, Sanlam group (SLM) shall hold the entire issued share capital of, and exercise sole control of, Coris Holdings.
The Competition Commission has recommended that the Tribunal approve this merger without conditions.
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