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New Deal


Announced

Mitsui Sumitomo to Acquire 21.87% Stake in Max Financial Services for $57m.

Financials

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Transaction Value£44m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For22%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Life Insurance

India

life insurance products

Acquisition

Cross Border

Minority

Public

Pending

Friendly

Single Bidder

Synopsis

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Mitsui Sumitomo, a Japanese insurance holding company, agreed to acquire 21.87% Stake in Max Financial Services, a life insurance company, for $57m. This will enable the company to simplify the shareholding structure in its subsidiary and have more flexibility to attract strategic investments in Max Life in the future and yet maintain its significant majority ownership.

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