AEON Financial Service Co (TYO:8570) has reduced the transfer price for its shares in AEON Allianz Life Insurance from 49.4 billion yen to 48.5 billion yen.
The transaction, which involved a 85.1% stake in the insurer, was completed on July 1, with the transfer of 734,413 shares to Meiji Yasuda Life Insurance Co.
As a result of the sale, AEON Financial Service's ownership in the subsidiary has been reduced to 14.9%, according to its Tokyo bourse filing on Friday.
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