11d ago

Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake

A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings Ltd. through a deal that will see US financial-services giant Prudential Financial Inc. exit its investment in South Africa’s biggest standalone retirement-fund administrator.

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Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake

rss:bloomberg-marketsus_mainstream11d ago kagi ↗

A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings Ltd. through a deal that will see US financial-services giant Prudential Financial Inc. exit its investment in South Africa’s biggest standalone retirement-fund administrator.