Japan’s Dai-ichi Life to buy Westpac’s life business for about A$900 million -Nikkei

Industry:    2021-08-09

Japan’s Dai-ichi Life Holdings will buy Australian banking group Westpac’s life insurance business for about A$900 million ($665.5 million), the Nikkei reported on Friday.

Dai-ichi Life is looking to boost its overseas revenue as Japan contends with a declining population. The deal will be completed by the end of the 2022 financial year, Nikkei reported.

A spokesperson for Dai-ichi Life declined to comment.

print
Source: