Morocco’s Wafa Assurance completes Pro-Assur acquisition

Morocco’s Wafa Assurance SA (WAA.CL) said that it has completed the buying of shares of Cameroon’s Pro-Assur SA.

“Wafa Assurance has acquired 65% of voting rights of Pro-Assur SA and bought a control block of 89.4% shares and rights of Pro-Assur,” the company said in a statement sent to Dow Jones Wednesday. Negotiations for the deal had started in April.

The financial details of the transaction were not disclosed. Source: Bloomberg