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M&G sells 15% stake to Japanese insurer Dai-ichi Life

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M&G is set to sell a 15% stake in the business to Dai-ichi Life as part of a deal to become the Japanese insurer’s preferred fund house in Europe.

The partnership is set to drive $6bn in new business for M&G as $2bn for Dai-ichi Life over the next five years, the firms said in a 30 May statement.

UK investment house strikes deal to become Dai-ichi’s preferred asset management partner in Europe

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