Home › Italy's Exor wins battle to buy PartnerRe for $6.9-billion
 

Keywords :   


Italy's Exor wins battle to buy PartnerRe for $6.9-billion

2015-08-03 15:45:16| Automakers - Topix.net

Investment group Exor, which controls car maker Fiat Chrysler, said on Monday it had signed a deal to buy PartnerRe for $6.9-billion , ending a prolonged battle for the reinsurer against a rival bid from Axis Capital. Exor, the investment vehicle of Italy's Agnelli family, wants to branch out into financial services with its steadier and higher returns and limit its exposure to the more capital-intensive and cyclical automotive sector.

Tags: buy battle wins wins battle

Category:Automotive

Latest from this category

All news
»
20.05IMDA launches annual IMDA Awards Competition
20.05Registration opens for FTAs Fall Technical Conference 2024
20.05Voting begins for Colored By INX Can Design Contest
20.05New Study Highlights Biodegradability of Cotton and Cellulosic Microfibers
20.05New ACA-Published Industry Market Analysis for the Paint & Coatings Industry Now Available
20.05Ulta Beauty Launches Same-Day Delivery with DoorDash
20.05Nivea Crmes Limited-Edition Pride Tin Heralds New Initiative with PFLAG
20.05Sheboygan Paint Company Appoints New Technical Sales Representative
More »