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Prudential sells Brazil and Mexico units to CNP for $4 billion

Original: Prudential sheds Brazil, Mexico units to CNP for $4 billion as it narrows its focus

Prudential has agreed to sell its Brazilian and Mexican life insurance businesses to CNP Assurance for around $4 billion as the insurer narrows its focus on Asia and Africa. The divestment marks another step in Prudential's strategy to streamline operations after separating from M&G and its US business, with proceeds expected to be returned to shareholders.

Why now: A major divestment by a big listed insurer is reshaping its strategic focus, drawing attention from investors and markets.

PrudentialCNP AssuranceBrazilMexico

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• Prudential sheds Brazil, Mexico units to CNP for $4 billion as it narrows its focus · Reuters

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