March 8, 2018 / 5:19 AM / 6 months ago

BRIEF-Santam ‍Acquires Remaining 53.37 Pct Stake in Saham Finances S.A For $1.05 Bln

March 8 (Reuters) - Santam Ltd:

* ‍ACQUISITION OF INTEREST IN SAHAM FINANCES VIA INDIRECT ACQUISITION OF REMAINING 53.37% SHAREHOLDING NOT OWNED BY SANLAM EMERGING MARKETS IRELAND

* DEAL ‍TOTAL CONSIDERATION PAYABLE IN TERMS OF TRANSACTION IS US$1,050 MILLION​

* WILL FUND CONSIDERATION BY USING A COMBINATION OF AVAILABLE DISCRETIONARY CAPITAL, DEBT FACILITIES AND ISSUANCE OF EQUITY INSTRUMENTS​ Source text for Eikon: Further company coverage:

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