ZUG, Switzerland, Feb. 20, 2007 (PRIME NEWSWIRE) -- Converium Holding Ltd has been notified that SCOR S.A., 1 avenue du General de Gaulle, F-92800 Puteaux, France, has acquired 48,320,350 registered shares, with voting rights.
According to SCOR's notification 7,300,000 Converium shares are in SCOR's ownership as of today. 4,900,000 shares will be transferred as of February 23, 2007. The remaining 36,120,350 shares will be transferred after receipt of approvals from regulatory authorities and competition commissions. The total corresponds to 32.94% of Converium's registered share capital.
These shares are directly held by SCOR Global P&C S.A., 1 avenue du General de Gaulle, F-92800 Puteaux, France, and IRP Holdings Limited, 4th Floor, 25-28 Adelaide Road, Dublin 2, Ireland (both 100% owned by SCOR S.A.).
SCOR S.A. is a French reinsurance company, and writes non-life and life reinsurance.