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Nippon Life in talks to take stake in Resona - Yomiuri
February 5, 2015 / 11:24 PM / 3 years ago

Nippon Life in talks to take stake in Resona - Yomiuri

TOKYO, Feb 6 (Reuters) - Nippon Life Insurance Co is in the final stages of talks to take a stake in Japanese banking group Resona Holdings Inc, the Yomiuri newspaper reported on Friday.

Under the tie-up, Nippon Life’s insurance products would be sold at Resona branches, the Yomiuri said, without citing sources.

Nippon Life would take a stake worth “several tens of billions of yen,” the paper said. (Reporting by Chris Gallagher and Ami Miyazaki; Editing by Edwina Gibbs)

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