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.
Ditch gaming altogether, says Schuetz
Kempe quits as OBA chair
Doctor aces exam after having baby
Wedding is the next top priority for Duffy
Retailers gear up for Black Friday rush
New OBA senator wants to ‘break the mould’
Judges concerned about delays in sentencing
Kimathi lawyer pays price for poor conduct
Simmons defiant over gaming
‘Bermuda calling’ marketing ploy a big hit
Families tackle road deaths
Residents want quick fix of farm smells
Get fashionably fit? No sweat
New recipe for Codfish tale
Take Our Poll