Rakuten, Inc.: Acquisition of Asahi Fire & Marine Insurance Co., Ltd.

Leading Japanese law firm Nishimura & Asahi has advised Rakuten, Inc. (TOKYO: 4755) on its acquisition of the Asahi Fire & Marine Insurance Co., Ltd., a nonlife insurance company operating in Japan for over 65 years, through a tender offer for all of the Common Stock and Class Stock of the company. The transaction marks the entry by Rakuten, Inc. to the nonlife insurance business in Japan. 

The Nishimura & Asahi team advising Rakuten, Inc. was led by partner Daisuke Morimoto.