Intesa Sanpaolo Acquires Remaining Pramerica Stake From Prudential
30 March 2021 - 12:18AM
Dow Jones News
By Joshua Kirby
Intesa Sanpaolo SA said Monday that it has concluded the
acquisition of Prudential Financial Inc.'s 35% stake in Pramerica
SGR, taking it to 100% ownership of the Italian asset-management
company.
The Italian bank said the transaction is part of a commitment to
being one of Europe's leading wealth-management and protection
companies, as well as supporting its business model of full
ownership of its product factories.
Intesa didn't disclose the financial details of the deal.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
March 29, 2021 09:03 ET (13:03 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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