February 5, 2018 / 2:12 PM / 7 months ago

BRIEF-Enstar To Acquire Full Ownership Of KaylaRe

Feb 5 (Reuters) - Enstar Group Ltd:

* ENSTAR TO ACQUIRE FULL OWNERSHIP OF KAYLARE

* ENSTAR GROUP LTD - DEAL FOR APPROXIMATELY $400 MILLION

* ENSTAR GROUP LTD - ‍HILLHOUSE AND STONE POINT WILL EXCHANGE THEIR RESPECTIVE 44% AND 8% SHAREHOLDINGS IN KAYLARE FOR ENSTAR SHARES​

* ENSTAR GROUP - STONE POINT WILL INCREASE ECONOMIC INTEREST IN CO FROM 6.9% TO 7.6% AND ITS VOTING INTEREST FROM 8.2% TO 9.1%

* ENSTAR GROUP LTD - ‍HILLHOUSE WILL INCREASE ITS OVERALL ECONOMIC INTEREST IN ENSTAR FROM 9.9% TO 17.1% AND ITS VOTING INTEREST FROM 3.3% TO 9.7%​

* ENSTAR GROUP LTD - ‍SIGNED AN AGREEMENT TO ACQUIRE A FURTHER 52% STAKE IN KAYLARE HOLDINGS LTD​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below