Prudential to Sell 50% Interest in Pramerica to Dewan

September 15, 2014

On September 1, 2014, the Economic Times reported that Prudential Financial had agreed to sell a 50% ownership stake in Pramerica Mutual Fund to Dewan Housing Finance.

On September 1, 2014, the Economic Times reported that Prudential Financial Inc. had agreed to sell a 50% ownership stake in its Indian asset-management company, Pramerica Mutual Fund, to Dewan Housing Finance Co. Prudential manages $1.3 trillion globally.

The purchase price and other terms of the transaction were not disclosed.

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Categories

Investment Manager M&A, Mutual Fund M&A, Transactions