Oct. 20 (Bloomberg) -- Prudential Financial Inc., the second-biggest U.S. life insurer, agreed to sell its stake in a Mexican private pension-fund manager to Grupo Financiero Banorte SAB.
Proceeds of the sale of Afore XXI SA will be about $200 million, Newark, New Jersey-based Prudential said today in a statement distributed by Business Wire.
--Editor: Dan Reichl
To contact the reporter on this story: Andrew Frye in New York at firstname.lastname@example.org.
To contact the editor responsible for this story: Dan Kraut at email@example.com.