Ashurst is representing Japan’s Nippon Life Insurance Co. on a proposed $1.7 billion bid for National Australia Bank subsidiary MCL Ltd.
NAB will carve out its wealth management business from MCL prior to the deal, leaving only the life insurance business. Osaka-based Nippon Life will then acquire an 80 percent majority stake in the new MCL Life, and NAB will hold the remaining 20 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
