Prudential plc completes acquisition of Prudential Zenith Life Insurance Limited to strengthen bancassurance in Africa
Acquiring Company
Prudential
Acquired Company
Prudential Zenith Life Insurance Limited
Hong Kong
NigeriaFinancial ServicesScience And EngineeringGovernment And MilitaryFinancial ServicesInsuranceDescription
Prudential plc has finalized an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited (PZL), its joint venture business in Nigeria. This strategic move is consistent with Prudential's focus on deploying capital in its existing operations with the greatest potential, particularly in the African market. The acquisition aims to enhance Prudential’s multi-channel growth platform and distribution capabilities in the region by leveraging existing bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
Quick answer
Prudential is acquiring Prudential Zenith Life Insurance Limited, announced September 28, 2024. Prudential is based in Hong Kong, Hong Kong, Hong Kong.
- How much did Prudential pay for Prudential Zenith Life Insurance Limited?
- The deal value was not disclosed.
- What does Prudential do?
- PRU), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of Dec. 31, 2021, has operations in the United States, Asia, Europe, and..
- Where are Prudential and Prudential Zenith Life Insurance Limited based?
- Prudential is based in Hong Kong, Hong Kong, Hong Kong. Prudential Zenith Life Insurance Limited is based in Nigeria.
- Who are the decision-makers at Prudential?
- Fundz holds 1 contact at Prudential. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Prudential Zenith Life Insurance Limited?
Prudential Zenith Life Insurance Limited was acquired by Prudential, based in Hong Kong. The deal was reported on September 28, 2024. PRU), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of Dec. Prudential is publicly traded (PUK) and operates in Financial Services.
When did Prudential acquire Prudential Zenith Life Insurance Limited?
Prudential's acquisition of Prudential Zenith Life Insurance Limited was reported on September 28, 2024. Prudential plc has finalized an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited (PZL), its joint venture business in Nigeria. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Prudential Zenith Life Insurance Limited do?
Prudential Zenith Life Insurance Limited (PZL) is a joint venture business in Nigeria with bancassurance partnerships with Zenith Bank in Nigeria and Ghana. It is privately held, operating in Financial Services, and is based in Nigeria.
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