Tokio Marine To Buy Delphi Financial For Y200 Billion -Nikkei
December 21 2011 - 2:18AM
Dow Jones News
Tokio Marine Holdings Inc. (8766.TO) will buy Delphi Financial
Group (DFG) in a deal valued at around Y200 billion, the Nikkei
reported in its Wednesday evening edition.
The deal is the he latest indication of how Japan's insurance
companies are seeking growth opportunities overseas to offset the
slump in business at home.
The Japanese company said President Shuzo Sumi will hold a press
conference in Tokyo at 0700 GMT.
-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770
Tokio Marine (PK) (USOTC:TKOMY)
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