Swiss Re Explores Investment in China Pacific Insurance

Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company’s securities, the Swiss reinsurer said on Wednesday.

Swiss Re declined to comment on a separate report that China Pacific was planning to take a stake in the Zurich-based company, but said it was not planning to issue shares or make treasury shares available to any potential investor.

China Pacific said in September it was planning to issue global depository receipts on the London Stock Exchange, potentially opening opportunities for international investors…

CLICK HERE TO READ MORE

Leave a Reply

Your email address will not be published. Required fields are marked *