Mergers & Acquisitions ·
Prudential agrees to sell Brazil and Mexico units to CNP Assurances for $4.025B
PFHPrudential Financial Inc
Prudential Financial has entered into definitive agreements to sell its wholly-owned subsidiaries in Brazil and Mexico to the CNP Assurances Group for an aggregate purchase price of approximately $4.025 billion in cash, subject to closing adjustments. The transaction is expected to close in the second half of 2027, pending regulatory approvals and customary conditions. Proceeds will support capital allocation priorities and investments in U.S., Japanese, and select European markets. This sale advances Prudential’s strategy to exit emerging markets following recent divestitures in Indonesia, South Africa, and Kenya. Prudential Financial operates as a global financial services leader providing insurance, retirement security, and asset management solutions.