Deal Snapshot
WILLIAMSVILLE SEARS TO ACQUIRE EQUITY STAKE IN AFRICAN ALLIANCE INSURANCE
Wednesday 13 June 2018

New York, US-based diversified holding corporation Williamsville Sears Management Inc. (OTC: WSML) has signed a letter of intent with Conau Ltd. for the acquisition of 60% controlled equity in its subsidiary company Nigeria-based insurance company African Alliance Insurance PLC, the company said.

The acquisition is an all stock-swap transaction subject to the approval by both companies, the execution of definitive agreements and the achievement of certain other milestones. Financial terms of the transaction were not disclosed.


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Details
Date Published: 13/06/2018
Target: African Alliance Insurance/60^ stake
Country: Nigeria
Sector: Insurance
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: Conau Ltd
Buyer: Williamsville Sears Management
Comment:
Terms of the deal were not disclosed

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