Swiss Re still planning ReAssure IPO this year, sale not ruled out (translated)
26 JAN 2019
Swiss Re [VTX:SREN], the Swiss reinsurance group, is still planning to launch an IPO of its ReAssure UK division this year, Neue Zuercher Zeitungreported. The Swiss daily cited Swiss Re Chief Christian Mumenthaler who said potential buyers are always attracted to a float candidate, but he is moving towards an IPO. A private sale has not been completely ruled out, the report continued.
Earlier this month, it was reported that Rothesay Life was looking to buy ReAssure for GBP 3.5bn, the report stated. Mumenthaler declined to comment on possible talks with Rothesay or other potential buyers, the report stated.