Meiji Yasuda plans 5% Man Group stake, aims to entrust ¥200 billion

Meiji Yasuda Life Insurance plans to acquire a 5% stake in Man Group and aims to entrust it with ¥200 billion over three years, Bloomberg reports. The potential stake purchase would take place in the open market and be subject to a three-year lock-in. Both companies describe benefits for their investment businesses, but the stake remains a plan.