Key Insights Given the large stake in the stock by institutions, Aviva's stock price might be vulnerable to their...
Investor updates on the companies in the news.
Japanese insurer Sumitomo Life said on Friday it will acquire TPG Inc's 35.5% stake in Singapore Life Holdings (Singlife) for S$1.6 billion ($1.21 billion) to expand its footprint in Southeast Asia. Sumitomo Life intends to acquire the shares from all remaining stakeholders in the Singapore insurer, effectively acquiring the entire company at a valuation of S$4.6 billion. The deal comes months after Sumitomo bought UK-based Aviva PLC's stake in Singlife.