Prudential Financial Agrees to Sell Entire Alexforbes Stake for $185 Million

09:23 AM EDT, 09/18/2026 (MT Newswires) -- Prudential Financial's (PRU) indirect subsidiary, New Veld, agreed to sell its entire stake in South Africa-listed Alexander Forbes Group Holdings, known as Alexforbes, in transactions valued at about $185 million, the company said Friday. Under the deals, New Veld will sell its shares in Alexforbes, with the company repurchasing about 372.8 million shares and ARC AF Holdings acquiring roughly 74.1 million shares, Prudential said. The transactions are expected to close in H1 2027, it added.