TOKYO -- Japan's Dai-ichi Life Holdings on Friday said it will acquire a 15% stake in M&G, a major British life insurance company. The investment is expected to exceed 150 billion yen ($1 billion).
Business deals
Japan's Dai-ichi Life to acquire 15% stake in British insurer M&G
Insurance groups aims to strengthen asset management business
M&G and Dai-ichi Life Holdings on May 30 announced a new long-term strategic partnership across asset management and life insurance. © Reuters
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