The Japanese technology group Softbank wants to buy a significant stake in reinsurer Swiss Re. But the negotiations seem to be at a dead end.
The Japanese technology conglomerate Softbank controlled by billionaire Masayoshi Son, has for some time been in talks with Swiss Re about its intention to buy a large stake in the Swiss company, as finews.asia has previously reported.
The two parties however disagree on the price and the amount of the involvement, according to a report by «Bloomberg». Against this background, the negotiations have reached a deadlock. Swiss Re did not respond to finews.asia when asked to comment on the matter.
Tokyo-based Softbank has indicated a desire to snap up as much as a quarter of Swiss Re's shares. According to the reinsurer's earlier statements, Softbank's entry is unlikely to go beyond 10 percent of Swiss Re's share capital.
