Dai-ichi Life Holdings Inc., Japan’s largest listed life insurer, is set to acquire approximately a 15% stake in M&G Plc, a UK-based money manager, through on-market purchases valued at around $1.1 billion. This significant investment will make Dai-ichi Life the largest shareholder of M&G, according to data compiled by Bloomberg. The deal is part of a broader distribution partnership between the two financial institutions. The agreement was announced in a statement on Friday, May 30, 2025.
