EXOR TO SELL PARTNERRE TO COVEA

Highlights

• The deal is worth $9 billion
• MoU has been signed between the two

On Tuesday, Exor stated that it has entered a memorandum of understanding (MoU). MoU is to sell its 100% stake in PartnerRe. It will be sold to Covea. The deal is worth $9 billion in cash. Exor is an investment group. PartnerRe is a Bermuda-based reinsurer. Covea is France based mutual insurance company.<....