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Dai-ichi Life Holdings Inc (8750.T)

8750.T on Tokyo Stock Exchange

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Thu, Aug 9 2018

Dai-ichi buys Suncorp's life unit, as Australian firms exit insurance sector

SYDNEY/TOKYO Australia's Suncorp Group is selling its life insurance division to Dai-ichi Life Holdings for $540 million, making the Japanese firm Australia's biggest in a sector that domestic companies are scrambling to quit.

Dai-ichi buys Suncorp's life unit, as Australian firms exit insurance sector

SYDNEY/TOKYO Australia's Suncorp Group is selling its life insurance division to Dai-ichi Life Holdings for $540 million, making the Japanese firm Australia's biggest in a sector that domestic companies are scrambling to quit.

UPDATE 2-Dai-ichi buys Suncorp's life unit, as Australian firms exit insurance sector

* Suncorp annual profit slips, outlook positive (Adds shares, management and analyst quotes, background)

Australia's Suncorp to sell life insurance unit to Dai-Ichi Life unit for $539 mln

Aug 9 Insurer Suncorp Group Ltd said on Thursday it had entered an agreement to sell its life insurance division to a unit of Dai-Ichi Life Holdings for A$725 million ($538.82 million), ending more than a year of speculation over a sale it had considered since early 2017.

BRIEF-Dai-Ichi Life Holdings To Set Up Unit In Cambodia, Invest Around 4 Bln Yen - Nikkei

* DAI-ICHI LIFE HOLDINGS TO SET UP UNIT IN CAMBODIA, INVEST AROUND 4 BILLION YEN TO FUND EXPANSION - NIKKEI Source text: http://s.nikkei.com/2Gc8Bup Further company coverage:

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