text: Munic Re says to split stock. MUNCH, Geramny 1996-12-06 
   Muenchener Rjeckversicherungs AG, the world's largest reinsurer, said on Friday it expected to switch its shares to a lower par value by September 1997 at the earliest. The group, known as Munic Re, plans to seek approval for the move at its shareholders' meeting today. The company said the switch would probably become effective in September. The planned 10-for-one stock split would reduce the par value of Munic Re's shares to five marks from 50, causing their price to drop to around one tenth of the present value. Munic Re's registered shares, part of the blue-chip DXA index, were trading at 3, 710 marks on Friday. --Frakfurt Newsroom, +49 69 756525
competitors: Munich Re MUNICH Germany Muenchener Rueckversicherungs AG Munich Re Munich Re Munich Re DAX Frankfurt Newsroom