According to WSJ, Exor in Talks to Sell Reinsurance company PartnerRe (PRE-PH)

  • February 10, 2020


StockPartnerRe Ltd.SymbolPRE-PH
Date Announced02/09/2020Source Wall Street Journal
TypeNews Report

Exor NV (EXXRF), the holding company of Italy’s Agnelli family, on Sunday said it is in advanced talks to sell reinsurance company PartnerRe Ltd. (PRE-PH) to French insurer Covéa Coopérations. The deal could value PartnerRe (PRE-PH) at about $9 billion, according to a person familiar with the negotiations.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.