Oct 28 (Reuters) - Exor NV EXOR.MI :
* EXOR AND COVÉA SIGN MEMORANDUM OF UNDERSTANDING FOR SALE OF PARTNERRE FOR $9 BILLION
* PREFERRED SHARES ISSUED BY PARTNERRE AND LISTED ON NYSE WOULD NOT BE INCLUDED IN PROPOSED ACQUISITION
*
* EXOR-CASH CONSIDERATION OF $9 BILLION TO BE PAID BY COVÉA ON CLOSING OF TRANSACTION IS BASED ON CONSOLIDATED COMMON SHAREHOLDERS' EQUITY VALUE OF $7 BILLION
* EXOR NV - CO ACQUIRING FROM COVÉA INTERESTS IN SPECIAL PURPOSE REINSURANCE VEHICLES MANAGED BY PARTNERRE FOR APPROXIMATELY $725 MILLION
* BILLION
* EXOR N.V. - EXOR AND COVÉA SIGN MEMORANDUM OF UNDERSTANDING FOR SALE OF PARTNERRE FOR $9 BILLION (EUR 7.7 BILLION) EXOR.MI
* EXOR NV- PARTIES DO NOT ANTICIPATE A MATERIAL IMPACT OF CONTEMPLATED TRANSACTION ON EMPLOYMENT ON CUSTOMER RELATIONSHIPS
Source text for Eikon: ID:nBIA1T29tx Further company coverage: EXOR.MI
((Reuters.Briefs@thomsonreuters.com;))