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)
TOKYO, Sept 4 (Reuters) - Dai-ichi Life Holdings Inc 8750.T...
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Last
$20.96 |
Change
0.200(0.96%) |
Mkt cap ! $22.69B | |||
| Open | High | Low | Value | Volume |
| $20.75 | $20.98 | $20.68 | $70.28M | 3.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 11409 | $20.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.99 | 295 | 1 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| SUN (ASX) Chart |