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Nippon Life Insurance Company has acquired MassMutual Japan

May 03, 2018
Japan

Nippon Life Insurance Company, first Japanese life insurer, has acquired an 85.1% stake in MassMutual Life Insurance Company (MassMutual Japan), subsidiary of American insurer, MassMutual International.

The transaction, which amounts to 935 million USD, will be financed in cash and is due to be finalized in the first quarter of 2018.

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