France’s SCOR Group announced a capital increase of [EURO]376.744 million ($482.53 million) in the form of a subscription rights offer primarily in order to finance the acquisition of Revios R|0xfc|ckversicherungs AG.

Present shareholders would have the right to purchase two new shares for each nine existing shares at a price of [EURO]1.75 ($2.24) per new share.

The offer is highly restricted. Extensive warnings on the Group’s Website point to the fact that no registration(s) or sales are to be made outside France. Accordingly, this article is for information only.

The severe restriction — a response to US and other securities laws — has caused some non-French analysts to complain of non-disclosure.

SCOR said: “The planned acquisition of Revios amounts to approximately [EURO]675 million ($864.5 million), including the purchase of 100 percent of the shares of Revios for [EURO]605 million ($775 million), the refinancing of the subordinated debt contracted by Revios from GLOBALE, in the amount of [EURO]50 million ($64 million), and the payment of interim interest on the acquisition purchase price and the subordinated debt of Revios in the amount of approximately [EURO]20 million ($25.6 million).