BNP Paribas and Rothschild are advising French reinsurer Scor on its €655m ($836m) cash acquisition of German rival Revios Ruckversicherung. Lehman Brothers is advising Revios.

Scor said this morning that it would finance the acquisition with a €300m rights issue and the sale of a subordinated bond worth around €350m. Scor will pay €605m for 100% of the equity of Revios as well as €50m to cover debt repayments.

Scor in €655m deal for German reinsurer Revios

Jonathan Sibun

BNP Paribas

Goldman Sachs

HSBC

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