Add as a preferred source on GoogleSamsung Fire & Marine Insurance Agrees to Raise Canopius Stake to 80.6%
Funds managed by KKR are expected to hold 12.1%, while Korea Investment Corporation is expected to own 7.3%. The agreement remains subject to closing conditions, including regulatory approvals.
Samsung Fire & Marine Insurance agreed to acquire an additional 40.6% of Canopius, a purchase that would raise its ownership to 80.6% if the transaction closes.
Funds managed by KKR and Korea Investment Corporation are co-investors in the agreement. After completion, the KKR-managed funds are expected to hold 12.1% of Canopius, and Korea Investment Corporation is expected to hold 7.3%.
The agreement remains subject to closing conditions, including regulatory approvals.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.