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Announced

24 Aug 2018

Covea withdrew its offer to acquire SCOR for $9.6bn.

Synopsis

Covea, the mutual insurance group, withdrew its offer to acquire SCOR, the global reinsurance company, for $9.6bn. The Board of Directors of SCOR unanimously decided to refuse to initiate discussions with Covea. It has reaffirmed its complete trust in SCOR’s management to continue to create value.

Principals

target

Scor

bidder

Covea Mutual Insurance Group Company

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Market Context

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Seller Team (3)

denis kessler

Chairman and CEO at SCOR SE

Investor

target

Deals

£ 7.47 B

Total Value

ian kelly

‎Head of Investor Relations at SCOR SE

Manager

target

Deal

£ 7.47 B

Total Value

marie-laurence bouchon

Communications Director at SCOR SE

Manager

target

Deal

£ 7.47 B

Total Value

Bidder Team (3)

guillemette rolland

Communications Director at COVEA MUTUAL INSURANCE GROUP COMPANY

Manager

bidder

Deal

£ 7.47 B

Total Value

james reader

Chairman and CEO at COVEA MUTUAL INSURANCE GROUP COMPANY

Manager

bidder

Deals

£ 14.54 B

Total Value

armand grumberg

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 28.68 B

Total Value

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