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Market Chatter: Billionaire Pamela Wall Said to Sell AU$300 Million Codan Shares in Block Trade

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Codan's (ASX:CDA) largest individual shareholder, the billionaire Pamela Wall, is said to have approved a block trade, valued at around AU$300 million, the Australian Financial Review reported Tuesday, citing anonymous people involved in the transaction.

Wall will retain around AU$1.2 billion in Codan shares after the reported sell down.

Canaccord Genuity is said to be working on the trade. It is understood shares were being offered at about AU$39 each, per the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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