Scor shares surge after peace accord with one-time bidder Covéa
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Scor shares surge after peace accord with one-time bidder Covéa

Laura Board
11 June 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Scor logo with Kessler.jpg

Shares in Scor closed up more than 8% in Paris trading on Friday after the reinsurer and one-time bidder Covéa unveiled a peace deal late yesterday to end litigation and set the stage for an exit of the mutual from the Scor shareholder register.

The agreement, announced after European markets closed, removes the overhang risk associated with Covéa’s 8.5% stake in Scor by giving the French reinsurer a call option over the holding.

It

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Reinsurers Scor
LB
Laura Board
Gift this article