Principal Financial Group Inc. (PFG:US), the seller of life insurance and retirement products, said a $1.5 billion deal to acquire Chile’s AFP Cuprum SA has a 15 percent termination fee.
Principal, based in Des Moines, Iowa, made the disclosure on its agreement to acquire Chile’s fourth-largest pension manager in a filing (PFG:US) today.
Editor: Dan Kraut
To contact the reporter on this story: Zachary Tracer in New York at email@example.com
To contact the editor responsible for this story: Dan Kraut at firstname.lastname@example.org