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Swiss Re in talks to sell stake to SoftBank; deal said worth $10 billion

SoftBank could also be aiming to secure another source of cash flow to fund further spending

Reuters  |  Zurich/Tokyo 

Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group - a deal that reportedly could be worth $10 billion or more, in what would be the Japanese firm's biggest financial services deal to date. The potential sale of up to one third of the Swiss reinsurer at a premium as reported by the Wall Street Journal would also mark the broadening of already sky-high ambitions that have already seen it raise $93 billion to form its Vision Fund for technology investments. "Swiss Re informs that it is engaged in preliminary discussions with SoftBank Group ...

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First Published: Fri, February 09 2018. 00:14 IST
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