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Announced

Japan Post Insurance to acquire a 20% stake in Daiwa Asset Management.

Synopsis

Japan Post Insurance, Japanese life insurer, to acquire a 20% stake in Daiwa Asset Management, an asset management services provider. Financial terms were not disclosed. Japan Post Insurance will underwrite a third-party allotment capital increase by Daiwa Asset Management, and will acquire 20% of Daiwa Asset Management’s shares after the capital increase.

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