Covéa pulls out of $9bn Partner Re deal
Covéa has scrapped its $9bn (£7.3bn) buy of Bermuda-based global reinsurer Partner Re from the Ferrari-owning Agnelli family’s holding company Exor less than two years after if failed to takeover reinsurer Scor.
According to Exor while the share purchase agreement was yet to be completed Covéa will have to pay compensation under the terms of the memorandum of understanding signed on 3 March. The firm did not
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