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Legal & General to Sell US Protection Unit to Meiji Yasuda for $2.3 Billion and Form Strategic Partnership
Feb 07, 2025•over 1 year ago
Contract Type
partnership
LondonFinancial ServicesFinanceLending
Description
Legal & General has announced the sale of its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash, along with the formation of a strategic partnership. This move represents a significant strategic development for Legal & General, as it aims to focus on its core businesses and capitalize on growth opportunities in the U.S. market and global asset management.
Company Information
Company
Legal & General
Location
London, England, United Kingdom
About
Legal & General Group is a U.K. financial services firm specializing in areas such as investment management, insurance, and retirement solutions.