• Kyodo


Meiji Yasuda Life Insurance Co. said Thursday it and its German partner insurer, Talanx AG, will acquire Polish insurer Europa Group under an accord with its parent, Getin Holding S.A., through a public tender offer launched Wednesday in Warsaw.

The acquisition is expected to be completed in the second quarter of next year and cost up to ¥35 billion, of which Meiji Yasuda plans to shoulder some ¥14 billion to hold a roughly 30 percent stake in the Polish insurer. Talanx’s group company will buy a majority stake, it said.

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