Prudential Financial Sells Brazil, Mexico Units for $4 Billion
The financial services provider is divesting its operations in Brazil and Mexico to CNP Assurances as part of a strategic move.
Business & Markets • 2 hours ago
Prudential Financial has agreed to sell its operations in Brazil and Mexico to CNP Assurances for $4 billion in a cash transaction. The deal involves Prudential of Brazil and Prudential of Mexico.
The divestiture marks a significant step for the investment manager and financial services provider as it reshapes its international portfolio. CNP Assurances, a French multinational insurance company, will acquire the two entities. The specifics of the transaction were not immediately detailed beyond the agreed-upon sale price and the identities of the involved entities.