Prudential Financial agrees to sell its Alexforbes holding
Prudential Financial ($PRU) agreed to dispose of its entire stake in South African financial-services company Alexforbes for approximately $185 million. The shares are held through its New Veld subsidiary. Alexforbes will repurchase about 372.8 million shares, while ARC AF Holdings will acquire a further 74.1 million shares under the proposed arrangements. The sale is expected to close in the first half of 2027, subject to shareholder and regulatory approvals. It advances Prudential Financial’s
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