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KM Financial Solutions | Nippon Life to buy majority of MassMutual Japan unit for $980 mln
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Nippon Life to buy majority of MassMutual Japan unit for $980 mln

01 Mar Nippon Life to buy majority of MassMutual Japan unit for $980 mln

Posted at 05:52h in News by
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TOKYO, March 2 (Reuters) – Nippon Life Insurance Co
said on Friday it had agreed to buy an 85.1 percent
stake in the domestic unit of U.S.-based MassMutual Financial
Group for about 104.2 billion yen ($980 million) as it aims to
boost its bancassurance sales.

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