Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.
to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.
A sale could include Tokio Marine's life insurance businesses in Indonesia, Malaysia, Singapore and Thailand, said the other source.Tokio Marine, Goldman Sachs and Jefferies declined to comment.
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