Prudential Financial agrees to sell Alexforbes stake for USD 185 million

Bitget2026/09/18 13:03

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Prudential Financial agreed to sell its entire stake in South Africa’s Alexforbes via two transactions valued at about USD 185 million.
Alexforbes will repurchase 372,800,000 shares held by Prudential’s indirect subsidiary New Veld.
ARC AF Holdings will buy New Veld’s remaining 74,100,000 shares.
Closing is expected in the first half of 2027, subject to shareholder approval and regulatory clearances.
Deal advances Prudential’s strategy to exit emerging markets and narrow its geographic footprint.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prudential Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609180900BIZWIRE_USPR_____20260918_BW724787) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prudential Financial agrees to sell Alexforbes stake for USD 185 million

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