Prudential Life Korea sale draws interest from five firms

Pedro Gonçalves
clock • 1 min read

Five companies are in the race to acquire Prudential Life Insurance Co. of Korea, the South Korean arm of Prudential Financial, according to investment banking sources. The companies are Taiwan's Fubon Financial Holdings and four domestic financial firms - KB Financial Group, MBK Partners, Hahn & Company, and IMM Private Equity, according to a report by The Korea Economic Daily. The deal is expected to net around KRW2 trillion ($1.7bn). US-based Prudential Financial Inc. put the South K...

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