Alexander Forbes Group Holdings Limited AFH

Prudential Financial (NYSE:PRU) has announced plans to exit its entire investment in Alexander Forbes Group Holdings Limited. The exit forms part of Prudential Financial's wider move to withdraw from emerging markets and narrow its global footprint. The proposed transaction remains subject to shareholder and regulatory approvals before completion. Prudential Financial's move to sell its Alexander Forbes stake is only one part of a broader story for the group. Our analysis turns up 5 other...

NEWARK, N.J., September 18, 2026--Prudential Financial, Inc. (NYSE: PRU) announced today that its indirect subsidiary, New Veld, LLC, has entered into agreements to sell all of Prudential’s shares in Alexander Forbes Group Holdings Limited (Alexforbes), a company listed on the Johannesburg Stock Exchange in South Africa. Under two separate transactions, Alexforbes will repurchase approximately 372.8 million shares held by New Veld, and ARC AF Holdings (RF) Proprietary Limited will acquire New Ve