Covéa acquisition of PartnerRe collapses
13-05-2020
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.
EXOR, Covéa
