Pestalozzi advises Prudential Financial, Inc. in its acquisition of a 13.1% stake in Peak Re
Peak Reinsurance Holdings Limited (“Peak Re Holdings”), the sole and direct shareholder of Peak Reinsurance Company Limited (“Peak Re”) which includes Swiss based Peak Reinsurance AG, has completed the previously announced transaction to sell a 13.1% stake in Peak Re Holdings to a wholly-owned subsidiary of U.S.-headquartered Prudential Financial, Inc. Prudential joins Fosun International Limited which now holds the other 86.9% of Peak Re via Peak Re Holdings, respectively. Pestalozzi advised Prudential Financial, Inc. as to Swiss law and regulations.