trending Market Intelligence /marketintelligence/en/news-insights/trending/nza3hdgzqw_qcjf8e5efwg2 content esgSubNav
In This List

South African regulator approves Sanlam's acquisition of Catalyst Fund Managers

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


South African regulator approves Sanlam's acquisition of Catalyst Fund Managers

South Africa's Competition Commission approved Sanlam Investment Management (Pty.) Ltd.'s acquisition of Catalyst Fund Managers (Pty.) Ltd., the regulator said Oct. 9.

The commission said the deal was unlikely to reduce competition or employment in the sector.

The Sanlam Ltd. unit will take a a 69% stake in the Cape Town-based fund manager for an undisclosed sum, BusinessDay reported Oct. 10.

The unit also said it plans to buy 100% of Irish CIG Fund Management Co., subject to Irish regulatory approvals and other conditions.

The deal would "complement the Sanlam group's international investment management platform, Sanlam Asset Management Ireland," the South African group said.