The private equity takeover of Sanlam Wealth has been delayed.
In September 2021 it was announced that Sanlam had sold its UK wealth arm to funds managed by Oaktree Capital Management for £140 million.
The transaction was expected to close in the first quarter of 2022. However, a spokesperson for Sanlam Wealth confirmed to thewealthnet this has been delayed.
It is now set to happen “towards the end of this month”.
The delay f...
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