Britain's L&G sells US protection unit to Japanese insurer for $2.3 billion
Legal & General said on Friday it would sell its U.S. protection business to Japan's Meiji Yasuda for $2.3 billion in cash ...
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Legal & General agrees to sell US unit to Meiji Yasuda for $2.3bn
Meiji Yasuda also plans to take a 20% interest in L&G's US PRT business and acquire 5% of L&G's shares from the market.
L&G sells US protection unit to Meiji Yasuda for $2.3bn
Plc (L&G) has agreed to sell its US protection business to Meiji Yasuda Life Insurance (NSE:LIFI) Company for $2.3 billion, the company announced today. The deal also includes a strategic partnership ...
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Legal & General to offload US arm
According to Bloomberg, Meiji Yasuda will acquire full ownership of L&G’s US protection business while also securing a 20% economic stake in its US PRT unit. Additionally, the Japanese insurer will ...