The deal, which will see Sony sell up to 40% of the business, has been marketed as the parent selling a non-core insurance business to re-invest in its core activities of entertainment and electronics.
The deal is being launched against a backdrop of political turmoil and economic gloom, with the Japanese economy reported to have contracted by 1.2% in the three months to June. Previous reports had forecast a growth of 0.5%. The Nikkei 225 index fell 2.2% in sympathy on...
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