In context: this report covers a source published on 18 Sept 2026.
Prudential Financial announced agreements to sell its entire stake in South Africa’s Alexforbes through its subsidiary New Veld.
Alexforbes would repurchase part of the holding, with ARC AF Holdings buying the remainder. Prudential puts the combined value at about US$185 million.
The company expects completion in the first half of 2027, subject to shareholder approval for the repurchase, regulatory approvals and other conditions. The sale is agreed, not completed.
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Prudential Financial ↗Company · 18 Sept 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.