Nippon Life Insurance, one of the largest life insurance companies in Japan, is reportedly engaged in discussion to acquire its smaller competitor Mitsui Life Insurance Co.

Media sources reported that Mitsui Life has broadly agreed to the terms of the proposed acquisition in a transaction that may be valued between JPY300bn ($2.5bn) and JPY400bn ($3.34bn).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Reports emerged that the Japanese acquirer plans to buy nearly 80% stake in Mitsui Life from major stockholders, namely Sumitomo Mitsui Banking Corp.

Nippon Life expects to conclude the deal by the end of March 2016, which is likely to be announced as early as September.

 

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.