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Best’s News & Research Service subscription required - October 28, 2015 11:30 AM (EDT)

Nippon Life Buys 80% Stake of NAB’s Life Unit in Australia for A$2.4 Billion

Nippon Life Insurance Co. has agreed to acquire 80% of National Australia Bank’s insurance subsidiary MLC Ltd. for A$2.4 billion (US$1.7 billion), according to a statement from the largest mutual . . .

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