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Morocco: France's Wendel buys 13.3% stake in Saham Group

Source: Middle East Insurance Review | Jan 2014

French investment company Wendel has acquired a 13.3% stake in Saham Group for EUR100 million (US$137.5 million) via a capital increase aimed at stepping up the Morocco-based insurer's expansion in Africa and the Middle East, and strengthening its resources.

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