PartnerRe-Axis merger clears Euro hurdle
The European Commission has cleared the proposed merger between Axis and PartnerRe.
The Commission said the deal did not breach European antitrust regulations — the last competition-related hurdle the two reinsurance firms had to clear.
A statement from Axis said the merger “remains on track to close in the third quarter of 2015”, subject to approval by shareholders in both firms and regulators, as well as normal closing conditions.
Italian investment giant Exor, however, is still interested in buying up PartnerRe as a stand-alone company for its portfolio.
PartnerRe shareholders are expected to be asked to approve the Axis merger plan in the near future.
Cruise visitor jailed in Australia
Holiday turns friends green with envy
Delight as kid-napped goats are returned
Zebras dominate top awards
Man denies child porn charges
‘Something in my life was missing’
Fairmont Southampton bans use of straws
Retirement: what are your concerns?
Evans wins payout over his dismissal
Operation Ceasefire cancelled
More than half of Azura’s first phase sold
Tourists full of praise after purse returned
Moroccan-themed market launches
No jail for man who dropped son from window
Reviewer pleased with his Twizy rental
Take Our Poll