Meiji Yasuda Takes 25% Stake in Haier Life

Meiji Yasuda Life Insurance Co. agreed to take a 25 percent stake in Haier Life Insurance, and may raise its stake to 29.24 percent, according to a statement from the Japanese insurer today.

Haier Group Co. plans to raise its stake in the venture by 25 percent to 70.76 percent, the statement said.

(Corrects percentage stake in first paragraph.)
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