SA financial services investment
Two international financial services providers have expanded their presence in South Africa by purchasing a minority stake in a local player.
Source: iclg.com
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Prudential Financial to acquire 14.8% minority stake in...
Prudential Financial, together with LeapFrog Investments, will acquire a 14.8% minority stake in the Alexander Forbes Group, further cementing the company’s long-term plan to access the financial services markets in Africa.
Source: dailymaverick.co.za
Prudential, Leapfrog bid $50mln for 33% stake in S. African Alexander Forbes
New Veld, an Africa-focused investment platform set up in 2016 by U.S. insurer Prudential and Mauritius-based private equity firm LeapFrog plans to
Source: ecofinagency.com
US giant Prudential buys 15% of Alexander Forbes, and wants more
The 145-year-old US financial services giant Prudential has entered into an agreement to acquire a 15% stake in Alexander Forbes. It wants to eventually expand its holding to a third of the company.
Source: news24.com
Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited
Press release content from Business Wire. The AP news staff was not involved in its creation.
Source: apnews.com