.
MergerLinks Header Logo

New Deal


Announced

KB Financial Group to acquire Korean unit of Prudential Financial for $1.9bn.

Financials

Edit Data
Transaction Value£1,542m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

insurance services

Single Bidder

Majority

life insurance

Friendly

Private

medical care benefits

health consultancy

Life Insurance

Acquisition

South Korea

Pending

Cross Border

Private Equity

Synopsis

Edit

KB Financial Group, a financial services company, is set to acquire the South Korean unit of Prudential Financial, an insurance firm, for $1.9bn. Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to occur by the end of 2020. Proceeds of the transaction are expected to be used for general corporate purposes.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US