Tryg shareholder completes rights issue tail swallow

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By Sam Kerr
04 Mar 2021

The majority shareholder in Danish insurer Tryg has completed a 53m share sale to part-fund its participation in the company’s $6bn-equivalent rights issue.

The sale had been expected after TryghedsGruppen announced on Monday at the launch of the rights issue that it would be selling some shares in order to fund some of its subscription in the rights issue.

TryghedsGruppen sold 318m pre-emptive rights to the joint bookrunners on the deal, ...

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