Truist Nears Sale of Insurance Arm to Stone Point, CD&R
Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier &
Source: insurancejournal.com
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Truist announces agreement to sell remaining stake in Truist Insurance Holdings to investor group led by Stone Point Capital and Clayton, Dubilier & Rice, valuing Truist Insurance Holdings at $15.5 billion
Sale will strengthen Truist's balance sheet and enhances strategic flexibility to invest in core banking franchise Positions Truist Insurance Holdings for continued growth in rapidly evolving...
Source: marketscreener.com
Truist to sell insurance brokerage business to investor group in $15.5 bln deal
Truist Financial Corp said on Tuesday it has reached an agreement to sell its insurance brokerage business to an investor group led by private equity firms Stone Point and CD&R in a deal valued at...
Source: marketscreener.com
Truist to sell insurance brokerage business in $15.5 bln deal
Truist Financial Corp said on Tuesday it has reached an agreement to sell its insurance brokerage business to an investor group led by private equity firms Stone Point and CD&R in a deal valued at...
Source: marketscreener.com
Truist announces $15.5 billion deal to sell remaining stake in insurance business
The sale is expected to bolster the Charlotte bank’s balance sheet and comes months after Truist announced “sizable” layoffs were coming.
Source: yahoo.com