Intact, Tryg agree $2bn-plus sale of Denmark’s Codan after RSA deal closes
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Intact, Tryg agree $2bn-plus sale of Denmark’s Codan after RSA deal closes

Laura Board
11 June 2021
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Intact_Tryg_Logo_Copenhagen_2021.jpg

Canada’s Intact Financial and Denmark’s Tryg are to sell non-life insurer Codan to Danish financial services company Alm. Brand for 12.6bn Danish kroner ($2.1bn), just days after the close of the sellers’ joint takeover of RSA.

Intact said the proceeds would be split 50:50.

The Canadian group noted that it would use its share of the funds to repay short-term debt raised to acquire RSA and for general corporate purposes.

The

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Topics

RSA News M&A
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Laura Board
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