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French company takes over Equity Liberia

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A French company, SUNU Group, takes over Equity Assurance-Liberia with 67 percent shares, becoming the largest shareholder of the Liberian- owned Assurance Company.


Speaking at a joint press conference on Friday, January 26, in Monrovia, SUNU Group Country Representative Karim-Franck Dione says his company has invested about US$1.3 million in Equity Assurance as initial investment.

Mr. Dione explains that SUNU Group is about to change management of the Equity Assurance to bring high performance on the table.He says the change of management does not mean SUNU Group will bring onboard foreigners, instead, Liberians who are qualified and competence. “SUNU Group is a French company that bought 67 percent of the shares of our partnering company and we have made some investment of US$1.3 million already which is just the starting point,” he says.

The Chairman of the Board of Directors of Equity, Steve Kolubah notes that the coming in of the French company is not just a boost to his company but the entire country.

He adds that since the establishment of Equity Assurance, the company has strived to live up to the expectations of its customers, and based on the excellence performance it has attracted one of the biggest companies in the world.

“Today, we are proud to partner with SUNU Group, based in Paris, France. This came as a result of excellence performance and we are proud of valued customers,” he expresses.

Present in 14 countries in West and Central Africa, SUNU Group is an African insurance group created in 1998 by Mr. Pathe DIONE with his former colleagues.

SUNSU Group, made up of SUNSU Participations Holding SA and its 23 subsidiaries and companies is committed to daily life for being closer to the people by offering them complete offers.

This year 2016 was marked by numerous activities in health, culture, sport, education and by implementing commercial strategies aimed at developing and recognizing the SUNSU Assurances brand in all of our countries.

SUNSU Services, a wholly-owned subsidiary of SUNSU Participations Holding SA, combines transversal functions to assist the SUNSU Group companies and enable them to deploy solutions quickly.

The transversal functions of Management Control, Financial and Legal Management are provided at the level of SUNSU Participations Holding SA, as well as the management of the subsidiaries.

-Editing by Jonathan Browne

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