Prudential Financial recently announced that it has entered into definitive agreements to divest its Prudential of Brazil and Prudential of Mexico businesses to the CNP Assurances Group.

The aggregate purchase consideration for the transaction amounts to $4.025 billion in cash, subject to agreed closing adjustments. Prudential of Brazil will be acquired by CNP Seguradora, the Brazilian subsidiary of CNP Assurances, while Prudential of Mexico will be taken over by CNP Assurances Holding. The transaction is expected to close in the second half of 2027, subject to regulatory approvals and other customary closing prerequisites.