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Report: Tokai Tokyo to buy insurance agency

Tokai Tokyo Financial Holdings Inc. will buy Eternal Co., an insurance agency with a countrywide sales network, The Nikkei reported Dec. 19.

The proposed deal, estimated at around ¥2 billion to ¥3 billion, is part Tokai Tokyo's efforts to attract younger customers, the publication added.

As of Dec. 16, US$1 was equivalent to ¥118.32.