Japan-based Sompo Holdings Inc. completed the sale of its 100% stake in Sompo Canopius AG to a private equity consortium led by Centerbridge Partners LP.
Sompo Holdings transferred all of its shares to a fund managed by Fortuna Holdings Ltd., an affiliate of Centerbridge Partners.
The deal, which was signed in September 2017 for $952.4 million, does not have a significant impact on Sompo's consolidated results, the company noted.
