Manulife completes sale of MVI Life to Japan's Asahi Mutual Life for $170M

Manulife, through its subsidiary The Manufacturers Life Insurance Company, has completed the sale of its Vietnamese life insurance unit MVI Life to Asahi Mutual Life Insurance Company of Japan. The transaction, valued at $170 million, gave Asahi Life a 100 per cent equity interest, making MVI Life its wholly owned subsidiary.

Detected & updated continuously · Source: Nebula