TOKYO, Aug 6 (Reuters) - Japan's Dai-ichi Life Holdings 8750.T will buy Australian banking group Westpac's (WBC) life insurance business for about A$900 million ($665.5 million), the Nikkei reported on Friday.
Dai-ichi Life is looking to boost its overseas revenue as Japan contends with a declining population. The deal will be completed by the end of the 2022 financial year, the Nikkei reported.
A spokesperson for Dai-ichi Life declined to comment. ($1 = 1.3524 Australian dollars)
News: WBC Japan's Dai-ichi Life to buy Westpac's life business for about A$900 mln -Nikkei
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Last
$34.19 |
Change
0.530(1.57%) |
Mkt cap ! $116.8B | |||
| Open | High | Low | Value | Volume |
| $33.89 | $34.23 | $33.71 | $56.56M | 1.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1287 | $34.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.19 | 1775 | 15 |
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| WBC (ASX) Chart |