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FBN Holdings to sell insurance stake to South African Sanlam

FBNHoldings is in talks with its Salam partners that may lead to sale of its insurance arm, FBNInsurance to the South Africa financial services giant, Business Day learnt this afternoon.   FBNInsurance is an FBNHoldings company in association with the Sanlam Group of South Africa, which holds about 30 percent equity stake in the Nigerian insurer….

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