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CNP Assurance
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- 1Prudential sells Brazil and Mexico units to CNP for $4 billion●Prudential sheds Brazil, Mexico units to CNP for $4 billion as it narrows its focus
Prudential has agreed to sell its Brazilian and Mexican life insurance businesses to CNP Assurance for around $4 billion as the insurer narrows its focus on Asia and Africa. The divestment marks another step in Prudential's strategy to streamline operations after separating from M&G and its US business, with proceeds expected to be returned to shareholders.