May 12, 2020 / 4:42 PM / 12 days ago

BRIEF-Exor To Retain Ownership Of PartnerRe

May 12 (Reuters) - Exor NV:

* EXOR TO RETAIN OWNERSHIP OF PARTNERRE

* HAS ACKNOWLEDGED COVÉA’S NOTICE THAT COVÉA WILL NOT HONOUR ITS COMMITMENT TO ACQUIRE PARTNERRE

* POSITIVE OUTLOOK FOR PARTNERRE WHICH IS NOT EXPECTED TO BE SIGNIFICANTLY AFFECTED BY COVID-19 OUTBREAK

* REITERATED BELIEF THAT SALE OF PARTNERRE ON TERMS INFERIOR TO THOSE IN MOU FAILS TO REFLECT ITS VALUE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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