UPDATE 1-Prudential sells Jackson equity stake to Apollo-backed Athene for $500 mln
Prudential has sold a
minority stake in its U.S. business, Jackson, to Apollo
Global-backed Athene Holding for $500 million, the insurer said
on Thursday, in the first phase of its plan to create an
independent U.S. business.
The London-listed, Asia-focused insurance firm, which is also
regulated in Hong Kong has been looking for ways to bring
external capital into the U.S. annuity provider and said it
would continue to evaluate other options for the part of Jackson
i
minority stake in its U.S. business, Jackson, to Apollo
Global-backed Athene Holding for $500 million, the insurer said
on Thursday, in the first phase of its plan to create an
independent U.S. business.
The London-listed, Asia-focused insurance firm, which is also
regulated in Hong Kong has been looking for ways to bring
external capital into the U.S. annuity provider and said it
would continue to evaluate other options for the part of Jackson
i
Posted by Reuters
