March 3, 2020 / 9:35 PM / a month ago

BRIEF-Covea Says Approved MoU With Exor Related To Proposed Acquisition Of PartnerRe

March 3 (Reuters) -

* FRANCE’S COVEA SAYS APPROVED TODAY MOU WITH EXOR RELATED TO PROPOSED ACQUISITION OF PARTNERRE LTD GROUP FOR TOTAL CONSIDERATION, IN CASH, OF $9 BILLION

* FRANCE’S COVEA SAYS PREFERRED SHARES ISSUED BY PARTNERRE AND LISTED ON THE NYSE, WOULD NOT BE INCLUDED IN THE PROPOSED ACQUISITION

* COVEA SAYS IT WOULD FINANCE THE ACQUISITION PRICE ENTIRELY FROM AVAILABLE OWN RESOURCES

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