Newark’s Prudential Financial Agrees to Sell Brazil and Mexico Businesses for $4.025 Billion

Prudential Financial (PRU) is selling its Brazilian and Mexican units to CNP Assurances for $4.03B in cash. The deal, expected to close in 2H 2027, aligns with Prudential's strategy to focus on U.S., Japan, and select European markets. PRU shares rose 1.4% to $115.31 on the news.

CNP Assurances Holding agreed to acquire Prudential Seguros Mexico and Prudential do Brasil Seguros de Vida from Prudential Financial (PRU) for $4.025 billion in cash. The deal is expected to close in late 2027, subject to regulatory approvals. PRU plans to use proceeds for capital allocation and growth investments.

Prudential Financial sold its Brazilian and Mexican life insurance units to CNP Assurances for $4.025 billion in cash. The sale completes its exit from Latin America. Proceeds will fund share buybacks and U.S. asset management acquisitions.

Prudential Financial (PRU) agreed to sell its Brazil and Mexico life insurance units to CNP Assurances for $4.025B in cash. The deal, expected to close in 2H 2027, will support capital allocation and growth in key markets. PRU shares were down 1.93% at $113.67 on the NYSE.

Prudential Financial (PRU) agreed to sell its Brazilian and Mexican units to CNP Assurances for $4.025B in cash, according to the company. The sale is part of PRU's strategy to focus on its core strengths.

Prudential Financial (PRU) agreed to sell its Brazil and Mexico insurance units to CNP Assurances for $4.025 billion in cash, subject to regulatory approvals and expected to close in H2 2027. The proceeds will support capital allocation and investments in retirement, asset management, and select protection businesses.