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Market Impact: 0.35
Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake
Source: Bloomberg
M&A & RestructuringManagement & GovernanceFinancial Services
A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings through a transaction that will also result in Prudential Financial exiting its investment. The deal changes the ownership structure of South Africa's largest standalone retirement-fund administrator and is likely to be material for Alexander Forbes shareholders.
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