Natixis sells a 29.5% stake in Coface to Arch Capital Group
In line with its New Dimension plan, Natixis has sold a 29.5% stake in Coface at a price of 10.70 euros per share (dividend attached).
Following this transaction with Arch Capital Group, a leading US specialist insurance company, Natixis will no longer be represented on Coface's Board of Directors. Natixis will hold its remaining 12.2% stake as an equity interest.
Completion of the transaction is subject to customary closing conditions, including obtaining the necessary regulatory approvals. This is expected to take 6 to 12 months.
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