GECO

Natixis and Arch Capital Group Ltd. announce the completion of share purchase agreement for 29.5% stake in Coface

February 10, 2021

Following satisfaction of antitrust and regulatory conditions, Natixis and Arch Capital Group Ltd. [NASDAQ: ACGL] announce today the completion of the disposal by Natixis of a stake of 29.5% in Coface’s share capital to Arch Financial Holdings Europe IV Limited, an affiliate of Arch Capital Group Ltd., at a price of 9.95€ per share (dividend attached).

Natixis is no longer represented at Coface’s Board of Directors with Arch assuming four of Natixis’ seats. Natixis will hold its remaining 12.7% stake in Coface as a financial participation.

Source: https://www.archcapgroup.com/natixis-and-arch-capital-group-ltd-announce-the-completion-of-share-purchase-agreement-for-29-5-stake-in-coface/