Continental Reinsurance delists its shares

African reinsurer Continental Reinsurance has delisted its shares from the Nigerian stock Exchange. This forms part of an ongoing restructuring process.

The voluntary delisting was first announced in a Nigeria Stock Exchange market bulletin of November 28 2019, which notified the market of the full suspension placed on the shares of Continental Reinsurance to prevent trading in the shares of the company beyond the effective date of the scheme of arrangement by which CRe African Investments Limited (CRe Investments) would acquire all the shares of CRe Nigeria.

Following the conclusion of the scheme of arrangement, and the approval of the company’s application to delist its entire issued share capital from The Nigerian Stock Exchange, all ordinary shares of Continental Reinsurance were delisted from the Daily Official List of The Exchange on January 17.