June 2 (Reuters) - South Africa's largest insurer Sanlam
SLMJ.J said on Tuesday it bought out the remaining 65% stake
in Nigerian insurance business FBN Insurance it did not already
own from First Bank FBNH.LG , deepening its presence in the
West African country.
Sanlam did not disclose the value of the deal, which will
now give the company full control of the joint venture that
began with First Bank in 2011.