$PRU (PRUDENTIAL FINANCIAL) — 8-K: Prudential to sell Brazil and Mexico units to CNP Assurances for $4.025 billion cash

Prudential Financial entered definitive agreements to sell Prudential of Brazil and Prudential of Mexico to CNP Assurances Group for an aggregate purchase price of $4.025 billion in cash, subject to closing adjustments. The transaction advances Prudential's exit from emerging markets and follows sales of its stakes in PT PFI Mega Life Insurance in Indonesia, Alexforbes in South Africa, and ICEA LION in Kenya, which closed on October 13. Prudential intends to use the proceeds to support capital allocation priorities and invest in growth opportunities in retirement, asset management and select protection businesses in the U.S., Japan and select European markets. The deal is expected to close in the second half of 2027, subject to customary closing conditions including regulatory approvals.

Prudential Financial entered definitive agreements to sell Prudential of Brazil and Prudential of Mexico to CNP Assurances Group for an aggregate purchase price of $4.025 billion in cash, subject to c