FTSE 100 Live: Index higher, M&G shares rally on strategic tie-up

FTSE 100 Live: Index higher, M&G shares rally on strategic tie-up

Dai-ichi Life And M&G Announce Strategic Partnership

Dai-ichi Life Holdings (Dai-ichi Life HD) and M&G plc have announced a landmark long-term strategic partnership that spans both asset management and life insurance, marking a significant step in Dai-ichi’s global expansion strategy. As part of the alliance, Dai-ichi Life HD intends to acquire approximately 15% of M&G’s outstanding shares through market transactions, subject to regulatory approval. The transaction will not affect M&G’s issued sha…

M&G and Dai-ichi Life launch ambitious long-term strategic partnership

M&G to become preferred asset management partner for Dai-ichi Life Holdings in Europe

M&G shares jump on Dai-ichi Life strategic partnership

M&G shares jumped on Friday after the asset manager announced a strategic partnership with Dai-ichi Life, a Japanese life insurance company with 67.5 trillion yen (£345 billion) in total assets. M&G has forged an ‘ambitious’ strategic alliance with Japan’s Dai-ichi Life Holdings that will accelerate its European private markets expansion whilst opening doors to lucrative […] The post M&G shares jump on Dai-ichi Life strategic partnership appeare…