Japan’s Meiji Yasuda offloads Talanx shares after rally

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By Aidan Gregory
07 Jul 2020

Japan’s Meiji Yasuda Life Insurance Co has sold €125m of shares in Talanx, the German business-to-business insurer, after the stock rallied by more than 50% from its post-crash lows in March.

JP Morgan was bookrunner on the share sale, which was launched after the market close on Monday evening. The transaction priced at €33.10, a 5% discount to the closing price of the stock on the day.

Meiji Yasuda sold 3.79m shares, a 1.5% stake, valued at €125m ...

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