Sumitomo Life to acquire Singapore insurer Singlife, deal valued at S$4.6 billion

Japanese insurer Sumitomo Life said on Friday it will acquire TPG Inc's 35.5 per cent stake in Singapore Life Holdings (Singlife) for S$1.6 billion (US$1.21 billion) to expand its footprint in Southeast Asia. Sumitomo Life intends to acquire the shares from all remaining stakeholders in the Singapore insur

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