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Swiss Re AG (SRENH.S)

SRENH.S on Virt-X Level 1

96.78CHF
19 Jul 2019
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Thu, Jul 11 2019

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Swiss Re puts off $4 billion ReAssure IPO citing weak demand

ZURICH Reinsurance group Swiss Re suspended plans for a $4.1 billion (£3.3 billion) initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors.

Swiss Re puts off $4 billion ReAssure IPO citing weak demand

ZURICH Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors.

UPDATE 3-Swiss Re puts off $4 bln ReAssure IPO citing weak demand

* Move comes amid faltering market for new listings (Adds share price, analyst)

BRIEF-Swiss Re: Not considering re-starting ReAssure IPO this year; long-term options open

* SAYS CURRENTLY NOT CONSIDERING RE-STARTING IPO PROCESS FOR UK LIFE INSURER REASSURE THIS YEAR; LONG-TERM OPTIONS OPEN Source text for Eikon: Further company coverage: (Reporting By Zurich newsroom)

Swiss Re suspends ReAssure IPO

ZURICH, July 11 Reinsurance group Swiss Re has suspended plans for an initial public offering of UK life assurance company ReAssure, which was set to start trading in London on Thursday, citing weak demand from institutional investors.

Swiss Re may postpone $4.1 billion ReAssure IPO – sources

FRANKFURT/LONDON Swiss Re is considering postponing or restructuring the $4.1 billion (£3.3 billion) London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

Swiss Re may postpone $4.1 billion ReAssure IPO: sources

FRANKFURT/LONDON Swiss Re is considering postponing or restructuring the $4.1 billion London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

Swiss Re may postpone $4.1 bln ReAssure IPO – sources

FRANKFURT/LONDON, July 10 Swiss Re is considering postponing or restructuring the $4.1 billion London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.

Swiss Re's ReAssure valued at up to £3.3 billion in IPO

ZURICH UK life assurance business ReAssure will be valued at up to 3.3 billion pounds when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday.

Swiss Re's ReAssure valued at up to $4.2 billion in IPO

ZURICH UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday.

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