Activity in China/Hong Kong’s insurance sector is on the rise with a number of large deals.
Besides these multi billion dollar deals, a few smaller transactions were also witnessed in the country, including:
In Japan one of the biggest deals was announced between Nippon Life Insurance Company and Mitsui Life Insurance Company Ltd. Nippon Life plans to acquire 66.67 percent to 80 percent stake in Mitsui Life. For the 80 percent stake it is planning to offer JPY 300-400 billion (US$2.5-3.3 billion).
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