In order to widen its presence in the emerging marketplace, Principal Financial Group Inc. (PFG) has initiated a bid to acquire AFP Cuprum S.A. (Cuprum) for $1.39 billion. Chile-based AFP Cuprum is a leading pension manager with about $32.7...
Principal Financial Group Inc., the
seller of life insurance and retirement products, agreed to buy
Chile’s AFP Cuprum SA in a $1.5 billion deal to add fee income
from Latin America in the U.S. firm’s biggest acquisition.
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