12/08/2011: Munich Re becomes 3.04% owned by People's Bank of China
12/08/2011: Munich Re, the German reinsurer, has become 3.04% owned by the Chinese central bank, Frankfurter Allgemeine reported. The German daily cited Munich Re as saying that the investment firm of the People's Bank of China (Safe) has accumulated the stake, which the daily estimated has a current market value of EUR 472m.
Source Frankfurter Allgemeine Zeitung
Value GBP 415m (market value of stake)
Stake Value 3%
