Japan Post Holdings Co., Ltd.: Acquisition of stake in Aflac Incorporated
Leading Japanese law firm Nishimura & Asahi has advised Japan Post Holdings Co., Ltd. (“Japan Post Holdings”) [TSE: 6178] on its acquisition of approximately 7% of the outstanding common shares of Aflac Incorporated (“Aflac”) [NYSE: AFL].
This strategic investment is subject to certain regulatory approvals in Japan and the US, which are anticipated in the second half of 2019.
Japan Post Holdings and its subsidiaries provide universal postal services and various financial products in post offices throughout Japan.
Aflac is a Fortune 500 company which provides insurance products to more than 50 million people worldwide. In Japan, Aflac is the leading provider of medical and cancer insurance, and insures one in four households.