KB Financial Group acquires Prudential Financial's South Korean unit for $1.89 billion [Reuters]
KB Financial Group Inc (KB)
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Source: Reuters
KB Financial Group acquires Prudential Financial's South Korean unit for $1.89 billion SEOUL (Reuters) - KB Financial Group Inc ( 105560.KS ) has signed a share purchase agreement to buy a 100% stake in U.S. Prudential Financial Inc’s ( PRU.N ) South Korean unit for 2.3 trillion won ($1.89 billion), the group said in a filing on Friday. The deal marks the No.1 U.S. life insurer’s exit from the South Korean market after 30 years. Prudential had hired Goldman Sachs ( GS.N ) to review a possible sale of the unit, a South Korean newspaper reported in November.
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KB
Sec Filings
- 12/2/25 - Form 6-K
- 11/20/25 - Form 6-K
- 11/14/25 - Form 6-K
- KB's page on the SEC website