JAPANESE INSURER TO BUY VIETNAM'S BAO MINH CMG.

AsiaPulse News | January 15, 2007 | Copyright

HANOI, Jan 15 Asia Pulse - The Dai-ichi Mutual Life Insurance Company (Dai-ichi Life) plans to purchase Bao Minh CMG Life Insurance Company (Bao Minh CMG), a move which has been approved in principle by the Finance Ministry.

This is the first Japanese life insurance company to begin operation in Vietnam and is the first full-scale mergers and acquisition (M&A) transaction in the Vietnam financial sector.

Bao Minh CMG, the fifth largest life insurance company in terms of gross premium income in Vietnam, was established in 1999 by a 50/50 joint-venture of the ...

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