Tryg shareholder reduces stake ahead of rights issue

By Sam Kerr
24 Nov 2020

TryghedsGruppen, the majority shareholder in Danish insurance group Tryg, completed a 21m share sale in Copenhagen last night to reduce its stake before a rights issue next year.

Danske Bank and Morgan Stanley were the bookrunners on the deal. The shares were sold at Dkr170 ($27.11) each, a 4.49% discount to Tryg’s closing price on Monday.

The deal follows the announcement that Tryg will take over the Swedish and Norwegian businesses of UK insurance ...

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