TAIPEI, March 31 (Reuters) - Fubon’s Financial Holding Co Ltd said its life insurance unit plans to sell its entire stake in Dutch insurer Delta Lloyd NV with an estimated loss at about 90 million euros ($96.15 million).
The company made the announcement late on Thursday. No further details were immediately available.
Delta Lloyd, which is being bought by larger peer NN Group , in February missed market forecasts for its full-year profit and said its solvency had fallen towards the bottom of its target range. ($1 = 0.9361 euros) (Reporting by Faith Hung; Editing by Stephen Coates)