Mitsui Sumitomo Insurance buys more Thai Insurance

Japan''s third largest insurance company acquires a major stake in Ayudhya Insurance of Thailand.

One of the leading cross border investment trends of 2004 is shaping up to be the re-engagement of Japanese capital with the rest of Asia. On Friday last week it was announced that Mitsui Sumitomo Insurance has bought 24.9% of Ayudhya Insurance of Thailand for a total consideration of Bt1.680 billion $43 million.

While not a large transaction, it clearly represents how Japan Inc. is looking to invest in Asia again, having taken fright...

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