TOKYO, Sept 4 (Reuters) - Dai-ichi Life Holdings Inc 8750.T said on Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group Ltd (SUN) , for A$640 million ($460 million), in the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market.
Dai-Ichi Life said in a statement it expected to close the deal between December and February 2019. The impact of the acquisition was being examined, it said.
A 20-year strategic alliance is also being finalised with Suncorp to sell life insurance products through Suncorp Group's distribution network, Dai-Ichi Life said.
($1 = 1.3872 Australian dollars)
News: SUN Japan's Dai-Ichi Life to buy Suncorp Life for $460 mln
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$20.69 |
Change
0.085(0.41%) |
Mkt cap ! $22.46B | |||
| Open | High | Low | Value | Volume |
| $20.53 | $20.75 | $20.43 | $10.89M | 527.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1795 | $20.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1014 | 10 |
View Market Depth
| Last trade - 13.32pm 30/07/2025 (20 minute delay) ? |
| SUN (ASX) Chart |