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
-Japanese insurer Sumitomo Life said on Friday it will acquire TPG Inc s 35.5% stake in Singapore Life Holdings for S$1.6 billion to expand its footprint in Southeast Asia. . -December 21, 2023 at 11:58 pm EST
- MarketScreener
(Bloomberg) Sumitomo Life Insurance Co. agreed to buy TPG Inc.’s stake in Singapore Life Holdings Pte as the Japanese insurer seeks to bolster its presence in Southeast Asia.Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blamed by Traders for S&P DeclineGiuliani Files for Bankruptcy After $148 Million Defamation LossUS Inflation Report to Show Fed’s Battle Is Now All But
The Japanese firm will buy TPG’s 35 per cent stake for $1.6 billion and offer to acquire the shares of minority investors. Read more at straitstimes.com.
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