Tokio Marine sells Mitsubishi stake in $1.34b buyback

The shares will be sold at $15.65 each.

Tokio Marine Holdings will tender all 85.9 million shares of Mitsubishi Corp held by its subsidiary, Tokio Marine & Nichido, in the trading house’s buyback offer.

The shares will be sold at $15.65 (¥2,291) each, amounting to $1.34b (¥196.7b), according to a filing on the Tokyo Stock Exchange on Friday.

The insurer expects to record a gain of $1.30b (¥190b) in the fiscal year ending March 2026 if the entire stake is accepted.

The transaction is part of Tokio Marine’s plan to divest from listed business-related equities by fiscal 2029.

The offer period runs from 4 April to 2 May, with the settlement scheduled for 28 May.

($1.00 = ¥146.36)

Follow the link s for more news on

Tokio Marine & Nichido Fire Insurance

Tokio Marine Holdings

insurance

Also Read

Allianz Jingdong aims for profitability boost through refined risk selection

AM Best expects stable earnings from PVI Insurance’s underwriting

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit