text: Munich Re says to split stock. MUNICH, Germany 1996-12-06 
   Muenchener Rueckversicherungs 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 Munich 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 Munich Re's shares to five marks from 50, causing their price to drop to around one tenth of the present value. Munich Re's registered shares, part of the blue-chip DAX index, were trading at 3, 710 marks on Friday. --Frankfurt Newsroom, +49 69 756525
competitors: Munich Re MUNICH Germany Muenchener Rueckversicherungs AG Munich Re Munich Re Munich Re DAX Frankfurt Newsroom