GE Capital’s “rescue” of Toho Life earlier this year is already looking like one of the deals of the decade.
GE initially stumped up ¥48 billion ($336 million) to bail out Toho through a reinsurance contract. In return it acquired a 90% interest in a new company, GE Capital Edison, which contains all the marketing infrastructure of the old Toho, and which has been funded by a ¥72 billion cash injection from GE and ¥7.2
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