Swiss Re sells £437m stake in Phoenix through accelerated bookbuilding

23-06-2021

Swiss Re sells £437m stake in Phoenix through accelerated bookbuilding

Shutterstock/Songquan Deng

Reinsurer Swiss Re has reduced its shareholding in Phoenix Group Holdings by selling approximately 6.6 percent stake for £437 million through an accelerated bookbuilding process.


Swiss Re, Phoenix Group, ReAssure, Mergers & Aquisitions, Insurance, Reinsurance, Europe

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