Intesa Sanpaolo Acquires Remaining Pramerica Stake From Prudential
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
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.
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(END) Dow Jones Newswires
March 29, 2021 09:03 ET (13:03 GMT)
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