Brief: IBJ to set up insurance agency JV with Sony Life Insurance Co., Ltd.

IBJ

14/02/2017 06:58

Feb 14 (Reuters) - IBJ Inc   6071.T : 
     
     
    * Says the co plans to set up an insurance agency JV with 
Sony Life Insurance Co., Ltd. 
    * Says the JV to be capitalized at 75 million yen 
    * Says the co and Sony Life Insurance Co., Ltd. will hold 70 
percent and 30 percent in the JV respectively 
    * Says Sony Life Insurance Co., Ltd. will also acquire some 
shares of IBJ, with acquisition amount of up to 60 million yen, 
during the period from Feb. 15 to Aug. 14  
     
     
    Source text in Japanese:http://rrd.me/byuJV 
    Further company coverage: 6071.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724; 
Reuters Messaging: jun.cao.reuters.com@reuters.net))