Swiss Re and SoftBank Group Corp. have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re. The parties failed to reach a compromise.
The Swiss insurance giant said it will continue its technology activities through its own development and cooperation with other companies. Meanwhile, Swiss Re said it will further explore business ideas between its operative entities and the portfolio companies of SoftBank.
Both companies have been negotiated for two months, but at the moment the volume of potential investments has significantly decreased. In 2018, the Zurich-based insurance company said that negotiations in respect of a minority investment by SoftBank in Swiss Re were expected not to exceed 10% of Swiss Re’s share capital.
