Dai-ichi Life to acquire a 15% stake in M&G for $1.1bn.

Dai-ichi Life, a Japanese life insurance holding company, agreed to acquire a 15% stake in M&G, a UK-based international savings and investments business, for $1.1bn. "The strategic partnership with Dai-ichi Life Holdings and the associated c.15% investment is recognition of M&G’s strengths and clear confidence in our leadership, strategy and long-term prospects," Andrea Rossi, M&G Group CEO.