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Meiji Yasuda Takes 25% Stake in Haier Life

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(Corrects percentage stake in first paragraph.)

Jan. 7 (Bloomberg) -- 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.

Link to Company News:{0017 JP <Equity> CN <GO>} Link to Company News:{HAGCOZ CH <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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