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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
Mar 18, 2025 5:59 AM

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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