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BERN, SwitzerlandThe Swiss Federal Office of Private Insurance, FOPI, has given approval to the proposed acquisition by SCOR S.A. of Zug, Switzerland-based Converium Holding Ltd.
The regulator gave the go-ahead for the indirect acquisition of 50% of Converium's share capital by SCOR.
Paris-based reinsurer SCOR's offer for its Swiss rival runs until July 9.