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Admiral slumps as Munich Re sells 12.1m shares

October 27, 2021

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Admiral slumped on Wednesday after Munich Re sold 12.1m shares in the insurer in a placing.
According to traders, the shares were placed at 2,940p each and UBS was the bookrunner.

At 0820 BST, the shares were down 5% at 2,895p.

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