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PRU Prudential Financial Inc

111.93
0.00 (0.00%)
Pre Market
Last Updated: 09:00:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
Prudential Financial Inc NYSE:PRU NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 111.93 0 09:00:03

Intesa Sanpaolo Acquires Remaining Pramerica Stake From Prudential

29/03/2021 2:18pm

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Prudential Financial (NYSE:PRU)
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   By Joshua Kirby 
 

Intesa Sanpaolo SA said Monday that it has concluded the acquisition of Prudential Financial Inc.'s 35% stake in Pramerica SGR, taking it to 100% ownership of the Italian asset-management company.

The Italian bank said the transaction is part of a commitment to being one of Europe's leading wealth-management and protection companies, as well as supporting its business model of full ownership of its product factories.

Intesa didn't disclose the financial details of the deal.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

 

(END) Dow Jones Newswires

March 29, 2021 09:03 ET (13:03 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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