Morgan Stanley wins €708m share placement in Germany

Talanx, a German insurance group, has appointed Morgan Stanley as sole bookrunner for a €708m ($899m) share placement for Hannover Re, building on the bank's success in the German equity capital market (ECM) last year.

The offer consisted of approximately 24.8 million shares, amounting to 20.6% of Hannover Re's share capital.

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