Archive for the ‘Financial News’ Category

Japan’s Orix to buy stake in Bahrain’s Medgulf for $200 million

TOKYO, June 12 (Reuters) - Japan’s Orix Corp said on Wednesday it has agreed to buy a 25.7 percent stake in Bahrain-based insurer Mediterranean and Gulf Insurance and Reinsurance Company B.S.C (Medgulf) for a little over $ 200 million, the latest deal by a Japanese financial company seeking growth overseas amid weak prospects at home. [...]

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