SoftBank's stake in reinsurance firm Swiss Re unlikely to go beyond 10%

SoftBank's stake in reinsurance firm Swiss Re unlikely to go beyond 10%

Photographer: Philipp Schmidli/Bloomberg

Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s shares fell as much as 3.1 percent.

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