Japan's Nippon Life to buy 25% stake in U.S. asset manager TCW

Japan's Nippon Life to buy 25% stake in U.S. asset manager TCW

A man walks past a logo of Japanese life insurer Nippon Life at the company's headquarters in Tokyo April 21, 2011. REUTERS/Yuriko Nakao

Japan’s biggest private-sector life insurer Nippon Life Insurance Co said on Friday it will buy a 24.75 percent stake in U.S. investment company TCW Group from Carlyle.

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