Fitch positive on Tokio Marine's Delphi swoop for enhancing overseas earnings
Fitch Ratings has said that there will be limited immediate impact on Tokio Marine & Nichido Fire Insurance, a core company in Tokio Marine Group, from Tokio Marine Holdings's proposed acquisition of Delphi Financial Group.
This is because the cost of the acquisition - expected to be about JPY200bn (£1.63bn) - is small compared with TMH's net assets of JPY1806bn, shareholders' equity of JPY1238bn and cash and equivalent
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