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Prudential Financial To Sell Alexforbes Stake For $185 Mln
Source: Nasdaq
M&A & RestructuringCompany Fundamentals
Prudential Financial's indirect subsidiary, New Veld, agreed to sell all of Prudential's shares in South African-listed Alexander Forbes Group Holdings through two transactions valued at approximately $185 million. The divestiture represents a modest portfolio simplification and capital realization for Prudential.
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