You are here: Home » International » News » Companies
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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