SMABTP and MACSF raise their stake in Arundo Re to 100%

The consortium formed by the SMABTP and MACSF groups has finalized, on 28 July 2025, the acquisition of an additional 25% stake in Arundo Re.

This transaction brings the two mutualist groups' shareholding in the former CCR Re to 100%, marking the complete withdrawal of Caisse Centrale de Réassurance (CCR) from the French reinsurer's capital.

SMABTP and MACSF initially acquired a 75% stake in Arundo Re (formerly CCR Re) in 2023, while CCR retained a 25% holding. The original agreement included a put option allowing CCR to sell its remaining shares in 2026, along with a call option for the consortium.

With transitional operations now complete, the parties have opted to proceed with the transaction ahead of schedule. Pending regulatory approval, the deal will be financed through shareholders’ equity.

Following this acquisition, SMABTP and MACSF now hold 70% and 30% of Arundo Re’s capital, respectively.