BRIEF-Swiss Re Sells 10.05% Stake In Definity Financial For CAD 655 Mln

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BRIEF-Swiss Re Sells 10.05% Stake In Definity Financial For CAD 655 Mln

, Reuters - 8:32 AM ET 3/18/2025 mergers-and-acquisitions

March 18 (Reuters) - Swiss Re AG:

* TO SELL 10.05% STAKE IN DEFINITY FINANCIAL FOR CAD 655 MILLION

* SHARES ARE BEING SOLD BY SWISS RE INVESTMENT HOLDINGS COMPANY LTD ON AN UNDERWRITTEN BLOCK TRADE BASIS AT A PRICE OF CAD 56.20 PER COMMON SHARE

* SHARES SOLD FOR AGGREGATE CASH PROCEEDS OF APPROXIMATELY CAD 655 MILLION

* TO SELL 11,647,217 COMMON SHARES OF DEFINITY FINANCIAL

* OFFERING IS EXPECTED TO CLOSE ON MARCH 19, 2025

* AFTER GIVING EFFECT TO OFFERING, SWISS RE WILL NO LONGER HOLD ANY COMMON SHARES Source text: Further company coverage: (Gdansk Newsroom)

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