Dai-ichi Life to buy $1.1 billion M&G stake in partnership
Japan's largest listed life insurer plans to buy about a 15% stake via on-market purchases, according to a statement on Friday. The stake would make Dai-ichi Life the largest shareholder of M&G, according to data compiled by Bloomberg.
Shares in M&G rose as much as 8.6% in early London trading, its biggest intraday gain since February 2023.
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