Tokio MarineHoldings Inc. agreed to raise its stake in to 51% from 49%.
The Japanese group will raise its shareholding in Bao VietTokio Marine Insurance by acquiring an additional 2% stake in the Vietnameseinsurer from Bao Viet Holdings.
Tokio Marine will acquire the additional stake through itswholly owned subsidiary, TokioMarine Asia Pte. Ltd. The transaction is expected tobe completed by the end of June.
Bao Viet Tokio Marine Insurance is a nonlife insurance jointventure between Tokio Marine Asia and Bao Viet Holdings.