6/14, 7:24 AM (Source: TeleTrader)
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Swiss Re unit LSE listing to take place in July

Swiss Re Ltd's unit ReAssure Group Plc is expected to list on the London Stock Exchange (LSE) in July, the former announced in a press release on Friday.

Swiss Re said that ReAssure confirmed its intention to list on the LSE on that date. It added that further public updates will be provided in due course.

ReAssure announced its intention to float on the LSE last week after Swiss Re said that it plans to go public and reduce its holdings to below 50% with a sale via Swiss Re ReAssure Midco Ltd.

Breaking the News / DZ