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Manulife Buys CMG Philippines

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NU Online News Service, Oct. 17, 10:03 a.m. – Manulife Financial, Toronto, has agreed to buy the life insurance and pension & education operations of CMG Philippines, Manila, Philippines, from Commonwealth Bank of Australia, subject to regulatory approval.

The transaction includes more than 60,000 in-force life insurance policies and pension & education savings plans, Manulife says.

The terms of the deal were not disclosed.

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