Swiss Re may invest in a possible primary offering of CPIC's securities

No definitive agreement has been entered into between Swiss Re and CPIC. Any securities offering by CPIC remains subject to various contingencies, including CPIC's decision to proceed with any such offering.

 

Zurich: 

In response to media speculation concerning a possible investment by Swiss Re in China Pacific Insurance (Group) Co. (CPIC) and an investment by CPIC in Swiss Re, Swiss Re confirms that it has been exploring a potential investment opportunity in a possible primary offering of CPIC's securities.

 

No definitive agreement has been entered into between Swiss Re and CPIC. Any securities offering by CPIC remains subject to various contingencies, including CPIC's decision to proceed with any such offering.

 

Separately, Swiss Re has no current intention of issuing new shares or making treasury shares available to any potential investor..


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