Reinsurance group Swiss Re has suspended plans for a $4.1 billion initial public...
Reuters reported on Wednesday that Swiss Re was considering postponing or restructuring the London listing due to limited investor appetite.
Chief Financial Officer John Dacey said the group still intended to reduce its ownership in ReAssure. Swiss Re had set a price range of 2.80 to 3.30 pounds per share for ReAssure, Britain’s sixth-largest life insurer, valuing it at up to 3.3 billion pounds .
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