Aon offers to buy Glenrand M.I.B

Aon SA, which is a leading risk management, insurance brokerage and actuarial consulting organisation, is a subsidiary of NY Stock Exchange-listed Aon Corporation that is also the majority shareholder in Aon Botswana.

According to a statement released by Aon Botswana's Marketing and Communications manager, Monty Robert, the offer of R2.00 per Glenrand MIB ordinary share plus R24 million payable to the BEE shareholders places a value of approximately R523 million on the proposed transaction.