Exor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 Billion (€7.7 Billion)
Transaction would reinforce PartnerRe’s strategy, further confirming its status as one of the world’s leading reinsurers
Exor and Covéa to expand their reinsurance and investment cooperation
Paris and Amsterdam, 28 October 2021. Covéa, a leading French mutual insurer and Exor, the leading diversified holding company controlled by the Agnelli family, have signed a Memorandum of Understanding under which Covéa would, following the completion of a required consultation with works councils, enter into a definitive agreement to acquire PartnerRe (“PartnerRe” or “the Company”)