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(Update) Japan Post Insurance, Daiwa Securities to Form Tie-Up

(Update) Japan Post Insurance, Daiwa Securities to Form Tie-Up

   Tokyo, May 15 (Jiji Press)--Japan Post Insurance Co. and Daiwa Securities Group Inc. said Wednesday that they will form a capital and business tie-up in asset management.
   The life insurer will invest 52.5 billion yen in Daiwa Asset Management Co. by July 1 to take a 20 pct stake and make the Daiwa Securities Group unit an equity-method affiliate.

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AFP-JIJI PRESS NEWS JOURNAL


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