Announced
Financials
Tags
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
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.
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