TAL Acquires Minority Stake in Challenger Limited

On 7 April 2025, TAL Dai-ichi Life Australia, a subsidiary of Japan’s Dai-ichi Life Holdings, announced the acquisition of a 15.1% minority stake in Challenger Limited (ASX: CGF) from MS&AD Insurance Group for ¥80 billion (approximately AU$8.46 per share). This transaction, subject to regulatory approvals, reflects TAL’s strategic commitment to Australia’s expanding retirement income market. Challenger, established in 1985 and headquartered in Sydney, is a leading provider of annuities and investment management, with AU$ 131.4 billion in assets under management. The partnership aligns with Challenger’s long-term growth strategy and ongoing collaboration with MS Primary, which remains unaffected. TAL’s CEO emphasized the significance of this investment in addressing the financial needs of Australia’s ageing population. Challenger’s CEO welcomed the investment as a step forward in enhancing shareholder value and customer outcomes. This move signals strong confidence in the long-term prospects of Australia’s retirement sector.

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