November 6, 2019 / 4:15 PM / a month ago

Swiss Re in talks with China Pacific over stake in Chinese insurer

FILE PHOTO: The logo of the world's second largest reinsurer Swiss Re is seen outside the company's offices in Zurich, Switzerland, February 23, 2018. REUTERS/Moritz Hager/File Photo

ZURICH (Reuters) - Swiss Re (SRENH.S) is exploring an investment in a possible primary offering of China Pacific Insurance (Group) Co. (601601.SS) (CPIC) securities, the Swiss reinsurer said on Wednesday.

“No definitive agreement has been entered into between Swiss Re and CPIC,” Swiss Re said in a statement. “Separately, Swiss Re has no current intention of issuing new shares or making treasury shares available to any potential investor.”

Reporting by John Miller; editing by Brenna Hughes Neghaiwi

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