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Sanlam UK sells 22% stake in Punter Southall

Sanlam UK sells 22% stake in Punter Southall

Sanlam UK has sold its 22% stake in the Punter Southall Group.

Sanlam said it had sold the stake in order to focus on wealth management.

'Our mission in the UK is to build a market leading retail wealth management business,’ said Sanlam UK chairman Johan van der Merwe. ‘The policy of the group is that we concentrate purely on the pursuit of that goal; that we deploy capital in strategic, focused opportunities and dispose of non-strategic investment.’

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