Mauritian insurance company MUA Ltd (MUA) has finally received regulatory greenlight to acquire Nairobi based Saham Assurance company in a deal worth Sh1.23 billion.
The firm Monday said it had concluded the transaction which began with the January’s signing of the Sales Purchase Agreement after it got approvals from the Insurance Regulatory Authority (IRA, Kenya), the COMESA Competition Commission and the South African Reserve Bank as well as the Competition Authority of Kenya.
