Insurer and asset manager Principal Financial Group has agreed to purchase Chilean pension company AFP Cuprum SA for about $1.51 billion to expand in emerging markets. According to the deal Empresas Penta SA and Inversiones Banpenta Limitada will sell their 63 percent ownership in Cuprum.
Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services. Shares of PFG traded higher by 0.04% or $0.01/share to $27.77. In the past year, the shares have traded as low as $21.42 and as high as $29.96. On average, 1948660 shares of PFG exchange hands on a given day and today's volume is recorded at 908710.
Source
