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Stock Market & Financial Investment News

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December 13, 2012
10:03 EDTPRUPrudential Capital allocated $323M to invest in U.K. middle market companies
Prudential Capital Group announced that Her Majesty’s Treasury, the United Kingdom’s economics and finance ministry, allocated about $323M to the firm as part of a partnership to make more capital available to mid-sized U.K. businesses. Prudential Capital Group is an investment manager focused on providing capital for middle-market, public and private companies, and an investment business of Prudential Financial. The GBP200M was allocated to the Pricoa Sterling Fund, which, consistent with the objectives of the public/private partnership, will invest in debt securities of U.K. companies with less than GBP500M.
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January 28, 2016
08:02 EDTPRUPrudential receives approval for acquisition of interest in Administradora
Prudential Financial said that it has obtained the approval of the Chilean Superintendence of Pensions for its previously announced proposed acquisition of an indirect ownership interest in Administradora de Fondos de Pensiones Habitat S.A. (AFP Habitat), a leading provider of retirement services in Chile that trades under the symbol HABITAT CI on the Santiago Stock Exchange. Prudential expects to acquire indirectly between approximately 34 and 40 percent of AFP Habitat from Inversiones La Construccion S.A., the investment subsidiary of the Chilean Construction Chamber, depending on the results of a pre-closing partial tender offer by a subsidiary of ILC to acquire up to 13 percent of AFP Habitat's outstanding shares from public shareholders at a price of $899.90 Chilean Pesos per share. ILC has announced that this tender will commence on January 28, 2016 and, unless extended, will expire on February 26, 2016. Following the completion of the tender offer, Prudential will acquire its indirect interest in the AFP Habitat shares from ILC for 899.90 Chilean Pesos per share, for a total purchase price of approximately US$430 million to US$510 million at current exchange rates. It is expected that the transaction will result in equal ownership positions for Prudential and ILC, with a controlling stake in AFP Habitat held through a joint holding company.

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