News Asia04 Aug 2015

Global:PartnerRe sells shares to EXOR for US$6.9 bln; cancels merger with Axis for US$315 mln

04 Aug 2015

Global reinsurer PartnerRe announced yesterday that it has reached a definitive agreement with Turin-headquartered EXOR under which the Italian investment firm will acquire all of the outstanding common shares of PartnerRe for approximately US$6.9 billion, all in cash. The deal ends Partner Re's amalgamation agreement with Axis Capital Holdings, a Bermuda-based specialty insurer and reinsurer.

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