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Johannesburg - Crawford & Company SA, previously majority-owned by US-based Crawford & Company International, is now 100% South African owned.
The empowerment deal is worth approximately R25m.
Crawford & Company International has agreed to sell its controlling 74.90% equity stake in Crawford & Company SA to black empowerment partner Chedza International, which previously held a 25.10% shareholding.
As part of the transaction will become Crawford & Company’s Associate in Sub-Saharan Africa trading as Crawford & Company SA.
Crawford is the world's largest independent provider of claims management solutions to the risk management and insurance industry as well as self-insured entities, with an expansive global network serving clients in more than 70 countries.
The empowerment deal is worth approximately R25m.
Crawford & Company International has agreed to sell its controlling 74.90% equity stake in Crawford & Company SA to black empowerment partner Chedza International, which previously held a 25.10% shareholding.
As part of the transaction will become Crawford & Company’s Associate in Sub-Saharan Africa trading as Crawford & Company SA.
Crawford is the world's largest independent provider of claims management solutions to the risk management and insurance industry as well as self-insured entities, with an expansive global network serving clients in more than 70 countries.
