Japan’s SoftBank Collection is looking to buy a 25 percent stake in Swiss Re AG worth about $9.6 billion as the firms’ talks on the other side of a potential deal advance, Bloomberg reported.
The talks are centering on 100 to 105 Swiss francs a interest, Bloomberg said, citing people with knowledge of the matter, totaling that the terms of the potential deal were still fluid and that the trains could fail to reach an agreement.
SoftBank declined to comment on the detonation.
The Swiss reinsurer said last month it was in talks to sell a minority outline to SoftBank, confirming a Wall Street Journal report of the possible selling of up to a one-third stake.