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The Standard Group Plc is a
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influence in matters of national and international interest.
South African financial services group Sanlam is set to buy a majority stake in PineBridge Investments East Africa Limited (PIEAL).
The deal, which is waiting for regulatory approval by capital markets and retirement benefits authorities in Kenya, will see PineBridge rebranded to become Sanlam Investments East Africa Limited (SIEAL). PineBridge has operations in Kenya and Uganda.
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