Germany's Munich Re to buy 71% of Next Insurance, valuing it at $2.6 billion [Yahoo! Finance Canada]
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
ir.kiterealty.com
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Source: Yahoo! Finance Canada
"We will tap into a highly attractive market overseas, unlocking significant growth," Ergo's CEO Markus Riess said. Next was founded in 2016 and now has around 700 employees and 600,000 customers. Munich Re and Ergo have been investors since 2017. (Reporting by Tom Sims, Editing by Miranda Murray) Recommended Stories
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