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TKOMY Tokio Marine Holdings Inc (PK)

39.12
-0.25 (-0.64%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tokio Marine Holdings Inc (PK) USOTC:TKOMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.25 -0.64% 39.12 38.82 39.53 39.51 39.07 39.51 43,582 21:04:04

Tokio Marine: Expect Y12 Billion Profit From Brazil Co Stake Sale

10/03/2009 3:02am

Dow Jones News


Tokio Marine (PK) (USOTC:TKOMY)
Historical Stock Chart


From Jul 2019 to Jul 2024

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Tokio Marine Holdings (8766.TO) said Tuesday it expects about a Y12 billion profit from sale of its 50% stake in Brazilian pension and insurance company Real Tokio Marine Vida e Previdencia to Banco Santander SA (STD).

Japan's largest nonlife insurer said the profit is already reflected in its earnings forecast for the current fiscal year through march. The company expects group net profit of Y5 billion for the year.

Spanish banking giant Banco Santander announced Monday it acquired a 50% stake of local pension and insurance company Real Tokio Marine Vida e Previdencia for 678 million Brazilian reals ($284.9 million) from Tokio Marine.

-By Atsuko Fukase, Dow Jones Newswires; 813-5255-2957; atsuko.fukase@dowjones.com

 
 

1 Year Tokio Marine (PK) Chart

1 Year Tokio Marine (PK) Chart

1 Month Tokio Marine (PK) Chart

1 Month Tokio Marine (PK) Chart