
Clientèle proposes to delist, citing thin trading and valuation gap
The insurer offers to repurchase shares – while restructuring ownership through an empowerment issue and a management share scheme.

The insurer offers to repurchase shares – while restructuring ownership through an empowerment issue and a management share scheme.

Following its recent purchase of 1Life, Clientèle has signed an agreement to buy micro-insurer Emerald Life.

The merger will create a combined embedded value of about R7.8 billion, and the insurers have 1.5 million active policies.

Financial services group red-flags higher-than-expected policyholder withdrawals.