
Korea Life makes final bid for Vogo’s stake in Tong Yang Life
Korea Life Insurance has submitted a final bid for Vogo Investment’s controlling stake in Tong Yang Life Insurance. Vogo is seeking to exit 60.7% of its 64% interest in the business in order to capitalize on the scarcity value of a controlling stake in a Korean insurer coming onto the market.
Korea Life announced its bid in a statement to the Korea Stock Exchange. According to domestic media, Prudential Financial, the second-largest insurer in the US, has also made an offer for the company....
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