Deals
Nippon Life Said to Target NAB Insurance Unit Deal This Month
This article is for subscribers only.
Nippon Life Insurance Co., Japan’s biggest life insurer by assets, may pay 200 billion yen ($1.7 billion) to 300 billion yen for the insurance business of National Australia Bank Ltd., and is targeting an agreement this month, according to a person with knowledge of the matter.
The negotiations could still fall apart, said the person, asking not to be named as deliberations are private. National Australia spokeswoman Emily Ritchie declined to comment.