Prudential to sell full-service retirement business to Empower for $3.5bn
Prudential Financial, Inc. has agreed to divest its full-service retirement business to Empower Retirement, a Denver-based retirement plan recordkeeping financial holding company, for $3.55 billion. The sale includes Prudential Financial’s full-service retirement plan recordkeeping and administration business. The divested business will be backed by a capital of $2.1 billion which comes from a mix of […]