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Omega shares up nearly 10 percent on takeover talks

Shares in Lloyd's (re)insurer Omega Insurance Holdings have soared by nearly 10 percent after the firm announced it was in talks over its potential sale.

Omega stock jumped to 166p following media reports and a London Stock Exchange announcement that Omega is in talks with "a number of parties" over its potential acquisition.

"The directors of Omega have noted the recent press comment on takeover discussions. The company is in discussions with a number of parties who have expressed an interest in acquiring Omega. Any relevant developments will be announced as and when appropriate," Omega said.

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