TOKYO -- Dai-ichi Life Holdings will acquire a 15% stake in Australian insurer Challenger, Nikkei has learned, the latest move by a Japanese insurance company in Australia.
Dai-ichi will buy all Challenger shares held by Japanese peer MS&AD Insurance Group Holdings for 80 billion yen ($550 million) during the current fiscal year.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)