Japan Post Holdings is in discussions to buy a minority stake in the US insurance company Aflac for roughly US$2.6 billion, capping a record year for overseas merger and acquisition activity by Japanese companies. The talks, first reported by Nikkei, were confirmed by Aflac in a press release which stated Japan Post would buy the shares in the secondary market.
The US company stated “the discussions do not involve Aflac Incorporated or any of its subsidiaries becoming a member of the Japan Post Group.” Nikkei reported that the Japanese company is planning to buy a stake of 7% or 8%.
While based in the US state of Georgia, two-thirds of Aflac’s earnings are generated in Japan, where it specializes in cancer insurance. The company sells supplemental insurance covering, for example, disability and critical illness.
Full Content: Asia Nikkei
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI