Alexander Forbes under offer

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SOUTH AFRICA - A consortium of investors including the Ontario Teachers Pension Plan (OTPP) and Caisse de depot et placement du Quebec have made a ZAR8.3bn (US$1.1bn) offer for Alexander Forbes.

The consortium behind the bid is headed by Actis, the private equity firm, and - besides the two Canadian pension funds - includes two other private equity firms: Ethos Private Equity and Harbourv...

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