Story thread · 2 reports / 2 sources
Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake
bloomberg.com · 8h · first report
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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