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Japan Post Insurance, Daiwa Securities Tie Up in Asset Management

Japan Post Insurance, Daiwa Securities Tie Up in Asset Management

   Tokyo, May 15 (Jiji Press)--Japan Post Insurance Co. and Daiwa Securities Group Inc. said Wednesday that they have agreed to form a capital and business tie-up in asset management.
   The life insurer will acquire a 20 pct stake in Daiwa Asset Management Co. by July 1 by purchasing new shares to be issued by the Daiwa Securities unit for 52.5 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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