Reinet Investments SCA Announces Disposal of Shares in Pension Insurance Corporation Group Limited

On July 3, 2025, Reinet Investments SCA, a Luxembourg-based securitization vehicle listed on the Luxembourg and Johannesburg Stock Exchanges, announced the disposal of its shares in Pension Insurance Corporation Group Limited (PICG). This strategic move was made through its wholly owned subsidiary, Reinet Fund SCA FIS, and involves an agreement with Athora Holding UK Limited, a subsidiary of Athora, a European savings and retirement services group.

Key Details of the Transaction

• Parties Involved: Reinet Fund SCA, F.I.S. and Athora Holding UK Limited.
• Nature of the Transaction: Disposal of shares in PICG.
• Announcement Source: Multiple financial news outlets, including eqs-cockpit.com, finanznachrichten.de, and sharenet.co.za, reported the transaction on July 3, 2025.

Background on Pension Insurance Corporation Group Limited

PICG is the ultimate parent company of Pension Insurance Corporation (PIC), a specialist insurer of UK defined benefit pension schemes. The acquisition by Athora is set to transition PICG into the UK insurance business of Athora, allowing it to continue operating under the PIC brand. This move is expected to provide PICG with increased access to long-term growth capital and enhanced asset origination expertise.

Reinet Investments SCA Overview

Reinet Investments SCA is managed by Reinet Investments Manager SA and focuses on long-term capital growth investments. Its portfolio includes investments in British American Tobacco Plc, cash, liquid funds, and other assets. The company is listed on the NYSE Euronext Amsterdam and trades in EUR.

Market Reaction and Financial Context

As of June 26, 2025, Reinet Investments SCA’s close price was 25.2 EUR, with a 52-week high of 27.4 EUR on October 29, 2024, and a 52-week low of 20 EUR on April 8, 2025. The disposal of shares in PICG is a significant development for Reinet, reflecting its strategic adjustments in portfolio management.

Response to Speculation

In response to recent speculation about the sale of PIC, Reinet Investments SCA clarified its position through an ad hoc announcement. The company owns an indirect 49.5% stake in PIC and has been the subject of press speculation regarding a potential sale. The recent transaction with Athora addresses these speculations.

This strategic disposal aligns with Reinet’s focus on optimizing its investment portfolio and capitalizing on opportunities within the capital markets sector. The transaction is expected to have implications for Reinet’s future investment strategies and portfolio composition.