The ratification of the agreement by MutRe's other shareholders (which represent approximately 15% of MutRe's capital) is expected in October 2017 at the latest.
SCOR has been a 33% shareholder and a major technical and commercial partner of MutRe since the company was created in 1998. The acquisition of MutRe will enable SCOR to further strengthen its Life and Health offering to the French Mutual insurance industry.
The acquisition of MutRe, which will have an accretive impact on SCOR's ROE and earnings per share, is consistent with the Group's strategic pillars and the objectives set out in its strategic plan "Vision in Action", and fully respects SCOR's relationships with its mutual insurance partners.
The transaction, which is subject to the authorization of the ACPR and the relevant competition authorities, would be finalized in early January 2018.