<article>Japan Post Holdings is set to acquire a 7-8 percent stake in U.S. insurer Aflac for about 300 billion yen ($2.6 billion), the Nikkei Shimbun daily said on Thursday, in a bid to expand overseas as the domestic market shrinks.</article>

Japan Post Holdings is set to acquire a 7-8 percent stake in U.S. insurer Aflac for about 300 billion yen ($2.6 billion), the Nikkei Shimbun daily said on Thursday, in a bid to expand overseas as the domestic market shrinks.
Japan Post hoped to approve the plan by the end of December and complete the share purchase by the end of next year, the newspaper said.
A spokesman at Japan Post declined to comment.
A person with direct knowledge of the situation told Reuters Japan Post was considering a minority stake.
Reuters

Japan Post hopes to approve the plan by the end of December and complete the share purchase by the end of next year.

Japan Post to acquire 7-8% stake in US insurer Aflac for $2.6 billion

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Japan Post to acquire 7-8% stake in US insurer Aflac for $2.6 billion

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