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Monex Group Inc to Sell Stake in Lifenet Insurance Co

Thursday, 25 Apr 2013 02:30am EDT 

Lifenet Insurance Co announced that Monex Group Inc will sell 5,683,900 shares (a 13.50% stake) in Lifenet Insurance, for JPY 722.6 per share (JPY 4,107,186,140 in total), to Swiss Reinsurance Company Ltd on April 30, 2013. As a result, Swiss Reinsurance Company will hold a 13.50% stake (5,683,900 shares) in Lifenet Insurance and become the top shareholder, while Monex Group Inc will hold no stake in Lifenet Insurance. 

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