Prudential Financial Weighs Sale of Its Retirement Arm

April 20, 2021 by Matthew Monks and Lananh Nguyen

Prudential Financial Inc. is exploring a sale of the bulk of its retirement business, which could fetch more than $2 billion, according to people familiar with the matter.

The Newark, New Jersey-based life insurer is working with a financial adviser to find buyers for its so-called full-service solutions business, said one of the people, who asked not to be identified because the matter isn’t public.

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Originally Posted at Bloomberg on April 13, 2021 by Matthew Monks and Lananh Nguyen.