TOKYO, Dec 25 (Reuters) - Dai-ichi Mutual Life Insurance, Japan's second-largest life insurer, said on Thursday it will demutualise itself to become a stock company on April 1, 2010.
Dai-ichi, which had made public its intentions of becoming a stock company and listing its shares without setting the specific date, said in December 2007 that the listing would put its market value as much as 3 trillion yen ($33 billion).
It said it may list its shares on the day or immediately after the conversion.
(Reporting by Kiyoshi Takenaka; Editing by Andrew Callus) ($1=90.50 Yen) Keywords: DAI ICHI MUTUAL/IPO (kiyoshi.takenaka@thomsonreuters.com; +81 3 6441 1810; Reuters Messaging: kiyoshi.takenaka.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Dai-ichi, which had made public its intentions of becoming a stock company and listing its shares without setting the specific date, said in December 2007 that the listing would put its market value as much as 3 trillion yen ($33 billion).
It said it may list its shares on the day or immediately after the conversion.
(Reporting by Kiyoshi Takenaka; Editing by Andrew Callus) ($1=90.50 Yen) Keywords: DAI ICHI MUTUAL/IPO (kiyoshi.takenaka@thomsonreuters.com; +81 3 6441 1810; Reuters Messaging: kiyoshi.takenaka.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.