Brief: Tryg Sells Codan Denmark To Alm. Brand

ALM. Brand A/S

11/06/2021 12:03

June 11 (Reuters) - Tryg A/S  TRYG.CO :
    * REG-SALE OF CODAN DENMARK TO ALM. BRAND A/S
    * AGREED CASH PURCHASE PRICE IS APPROXIMATELY DKK 12.6BN FOR
100%
OF SHARE CAPITAL OF CODAN DENMARK
    * TRYG WILL RECEIVE 50% OF SALE PROCEEDS
    * CLOSING IS EXPECTED TO TAKE PLACE IN H1 2022
    * TRYG'S FINANCIAL GUIDANCE FOR 2021 IS NOT IMPACTED BY SALE
OF
DANISH ACTIVITIES OF CODAN.

Source text for Eikon:  ID:nGNE93lXz9 
Further company coverage:  TRYG.CO 

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