Sony Life’s acquisition of full ownership of the joint-venture life insurers
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
1 other company's latest entry also says "Achieved".
- FY2020AchievedAnnual report
「On 29 January 2020, Sony Life acquired all of the 50% interest held by AEGON International B.V. in Sony Life Aegon Life Insurance Co., Ltd. and SA Reinsurance Ltd. As a result, Sony Life came to own 100% of the shares of the Two Joint Ventures, which became consolidated subsidiaries of SONY GROUP CORPORATION.」
Sony Life completed the acquisition of the remaining 50% interests in the 2 joint-venture life insurers, bringing its ownership to 100% and making both companies consolidated subsidiaries. - FY2020-Q3First statedAnnual report
「On 29 January 2020, Sony Life Insurance Co., Ltd., a consolidated subsidiary of SONY GROUP CORPORATION, acquired all of the 50% interest held by AEGON International B.V. in Sony Life Aegon Life Insurance Co., Ltd. and SA Reinsurance Ltd. (collectively, the “Two Joint Ventures”). The consideration for the acquisition of the Two Joint Ventures’ shares was ¥18,750 million. Upon completion of the transaction, Sony Life came to own 100% of the shares of the Two Joint Ventures, which became consolidated subsidiaries of SONY GROUP CORPORATION.」
On 29 January 2020, after the filing, Sony Life acquired the remaining 50% interests in the Two Joint Ventures, bringing its ownership to 100% and making them consolidated subsidiaries. The acquisition consideration was ¥18.750 billion.