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Lehman wins first Munich Re mandate in seven years

Lehman Brothers has won its first sale of Munich Re shares in over seven years, and is selling 6.9 million shares in the reinsurance firm for German bank HVB.

HVB and Lehman Brothers offered the shares, equal to about 3% of Munich Re, at €116.75 to €117.50, to raise about €811m ($951m).

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