A French health insurer backed by Kylian Mbappé and South African-founded technology investor Prosus has acquired a Senegalese company covering approximately 70,000 people.
Alan’s purchase of Tanel Health gives the €5.5 billion ($6.3 billion) company an immediate presence in Senegal and Côte d’Ivoire.
The Financial Times reported the acquisition and must be credited because Alan and Tanel have not publicly disclosed the purchase price or complete transaction terms.
Tanel is expected to adopt the Alan name, while chief executive Mouhamed Ndoye and co-founder Makhtar Diop will lead the combined company’s African operations.
Its corporate customers reportedly include ride-hailing company Yango and fast-food chain KFC.
