Natixis sells a 29.5% stake in Coface to Arch Capital Group

Tuesday, 25 february 2020

In line with its New Dimension plan, Natixis has sold a 29.5% stake in Coface at a price of 10.70 euros per share (dividend attached).

Suite à cette transaction avec Arch Capital Group, assureur américain spécialisé de premier plan, Natixis ne sera plus représentée au Conseil d’Administration de Coface. La participation résiduelle de 12,2 % sera détenue comme une participation financière.

Following this transaction with Arch Capital Group, a leading US specialist insurance company, Natixis will no longer be represented on Coface’s Board of Directors. Natixis will hold its remaining 12.2% stake as an equity interest.

Completion of the transaction is subject to customary closing conditions, including obtaining the necessary regulatory approvals. This is expected to take 6 to 12 months.

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