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 exit the U.S. insurance market. The London-listed, Asia-focused insurance firm, which is also regulated in Hong Kong has been looking for ways to offload the U.S. annuity provider and said it would continue to evaluate other options for the part of Jackson it still owned, including

from Reuters: New Issues News https://ift.tt/37GKn9c