Prudential to sell Brazil and Mexico insurance businesses to CNP Assurances for $4.025 billion
Prudential Financial announced that it will divest its life‑insurance operations in Brazil and Mexico to French insurer CNP Assurances for cash of $4.025 billion. The transaction is slated to close in the second half of 2027, pending the usual regulatory approvals. Proceeds will be directed toward expanding Prudential’s retirement, asset‑management and protection activities in the United States, Japan and selected European markets. Morgan Stanley is acting as Prudential’s financial adviser on the deal.
