OUTsurance agreed to acquire the remaining 7.17% of OUTsurance Holdings. The share-for-share deal would issue new OUT shares worth approximately R10.16bn, based on the illustrative valuation. This would simplify the group structure and increase OGL’s ownership of OHL from 92.83% to 100%. Existing shareholders would be diluted by approximately 7.16%, although the company expects the transaction to be value neutral.
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