Daiichi Life Group Proposes Acquisition of Aussie Insurer
Tokyo, Oct. 19 (Jiji Press)--A subsidiary of major Japanese insurer Daiichi Life Group Inc. has proposed acquiring Australian peer Challenger Ltd., the Australian company said Monday. Daiichi Life currently owns about 20 pct of Challenger and aims to buy the remaining 80 pct through the Australian subsidiary, TAL Daiichi Life Australia Pty Ltd. The possible deal is estimated to be worth abou...
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