Bloomberg News

Principal’s Deal to Buy Chile’s Cuprum Has Breakup Fee of 15%

November 13, 2012

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 ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • PFG
    (Principal Financial Group Inc)
    • $50.17 USD
    • -0.52
    • -1.04%
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