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KB Financial Group acquires Prudential's South Korean unit for $1.89 billion

  • Region:

    South Korea

  • Sector:

    Insurance

  • Deal Size:

    $1.89 billion

  • Buy Side Company:

    KB Financial Group
  • Sell Side Company:

    Prudential Financial, Inc.
  • Target Company:

KB Financial Group Inc has signed a share purchase agreement to buy a 100% stake in Prudential Financial Inc’s South Korean unit for $1.89 billion. The deal marks the U.S. life insurer’s exit from the South Korean market after 30 years.

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