NaCC yet to receive Ninety One-Sanlam Allianz merger plans

Ninety one Namibia and Sanlam Allianz Namibia’s plan to combine their asset management businesses has yet to be filed with the Namibia Competition Commission (NaCC).

Ninety One Namibia and Sanlam Allianz yesterday announced plans to combine their active asset management businesses.

NaCC spokesperson Dina //Gowases tells The Namibian that the commission had not received any notification relating to the proposed merger.

“They are probably still in the process of filing, so we will await the notice filing with regard to the proposed transaction,” //Gowases says.

The proposed deal would see the enlarged business operate under the Ninety One Namibia brand, with Sanlam Allianz Namibia appointing it as its primary active asset manager for an initial 15-year term.