Swiss Life Holding AG (SLHN.VX) Friday confirmed it is in talks with German insurer Talanx AG on Swiss Life's stake in MLP AG (MLP.XE).

However, it said this is just one of the options it is considering for its stake in the German insurer, and that no decision has been made yet.

Spokesman Andreas Hildenbrand said the company will provide an update on the progress of the MLP stake review on March 24, when it will release its 2008 results, but declined to give more detail on the discussions.

The comments follow an article in Financial Times Deutschland, which said a deal with Talanx is in the making.

Swiss Life will transfer to Talanx nearly 10% of its holding in financial group MLP, the newspaper said. In addition, Talanx will obtain a 10% stake in Swiss Life, the report said.

-By Hans Schoemaker, Dow Jones Newswires; +41-43-4438045; hans.schoemaker@dowjones.com
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