Middlesea Insurance plc – Mandatory Bid to Middlesea Shareholders

Middlesea Insurance plc – Mandatory Bid to Middlesea Shareholders

Middlesea Insurance plc announced that MAPFRE will be making a Mandatory Bid as obliged by the Listing Rules.

In the company announcement dated 29 July 2011, the Board of Directors of Middlesea Insurance plc (Middlesea) had communicated that MAPFRE Internacional S.A. (MAPFRE) had acquired the shares held by Munich Re, thereby increasing its holding in Middlesea to 50.98% and establishing a controlling interest in the company.

The Board of Directors of Middlesea was informed that as obliged by the provisions of the Listing Rules, MAPFRE has issued a company announcement confirming that it has acquired a controlling interest in Middlesea and that it will proceed to issue a Mandatory Bid to other shareholders.

To view the official announcement, Click Here.