Rakuten plans to acquire Asahi Fire & Marine Insurance
The Japanese e-commerce site Rakuten filed a takeover bid on 29 January 2018 for the acquisition of Asahi Fire & Marine Insurance company(AFM).
The transaction is expected to amount to 45 billion JPY (413.37 million USD).
Established in 2011, AFM is a subsidiary of the financial group Nomura Holdings.
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