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

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

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)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.