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Itochu acquires 20% stake in Thaivivat Insurance

Jan 19, 2025over 1 year ago

Contract Type

partnership

ThailandFinancial ServicesAngel Investment

Description

Itochu, a Japanese trading firm, has announced its acquisition of a 20% stake in Thaivivat Insurance, a non-life insurer in Thailand. The investment is valued at around THB1 billion ($29 million) and is expected to provide additional capital and business expansion opportunities for Thaivivat Insurance, highlighting a growing interest in Southeast Asia's insurance sector.

Company Information

Company

Itochu Corporation

Location

Thailand

About

Itochu Corporation is one of Japan's leading general trading companies, engaged in various sectors including textiles, machinery, information technology, and food. The company operates globally, providing a wide range of products and services. Founded in 1858, Itochu plays a significant role in international trade and investment.

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