EXOR in discussions with Covéa over possible PartnerRe sale
EXOR has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe.
“These discussions are ongoing and there is no certainty that they will result in a transaction,” EXOR said in a statement.
EXOR said it will not comment further on the matter until the discussions have been finalised.
EXOR acquired PartnerRe in March 2016 for $6.9 billion following a lengthy battle. Prior to the sale Axis had also sought to acquire the Bermuda-based re/insurer.
13 May 2020 Covéa has pulled the plug on its planned acquisition of PartnerRe, formalised in a memorandum of understanding (MoU) that was announced on March 3, 2020.
13 May 2020 Covéa has pulled the plug on its planned acquisition of PartnerRe, formalised in a memorandum of understanding (MoU) that was announced on March 3, 2020.