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Business deals

Japan's Dai-ichi Life to buy Westpac's insurance arm in Australia

Deal worth $664m will give Dai-ichi subsidiary TAL one-third market share

After the deal is complete, Dai-Ichi's Australian unit, TAL, already the biggest life insurer in Australia, will control one-third of the market. (Source photos by Kosaku Mimura and Reuters) 

TOKYO -- Dai-ichi Life Holdings is acquiring an insurance arm of Australia's financial services company Westpac Group for about 900 million Australian dollars ($664.8 million), Nikkei has learned.

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