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Danish insurer Tryg confirms deal talks with Alka

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Danish insurer Tryg confirms deal talks with Alka

Tryg A/S confirmed news reports that it is in talks with Alka regarding a potential acquisition of the unlisted company.

The insurance company said in a news release that it is in a "dialogue concerning a potential acquisition of Alka" but did not divulge any details. Reuters reported that the deal could be worth 6 billion Danish kroner.

As of Dec. 1, US$1 was equivalent to 6.27 Danish kroner.