Coface : Arch Capital to buy 29.5% of Coface from Natixis
>Natixis is set to sell 29.5% of Coface to Arch Capital - With Coface presenting its new strategic plan yesterday morning, Natixis announced that it was selling a 29.5% stake in Coface to Arch Capital at a price of € 10.7 (dividend attached) per share. Natixis’ residual stake in Coface of 12.2% will be held as a financial interest. The deal is expected to be completed within six to 12 months. After the deal, Natixis will no longer have a seat on Coface’s board. Arch C...Coface is a holding company that performs its activities through its primary operating subsidiary, Compagnie franASSaise d'assurance pour le commerce extA(c)rieur and its subsidiaries. Through its subsidiaries, Co. is a provider of credit insurance to businesses with solutions to protect them against the rist of client insolvency on both domestic and export markets.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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