NU Online News Service, Feb. 5, 3:29 p.m. – Prudential Financial Inc., Newark, N.J., says it has agreed to buy a 50% stake in Afore XXI S.A. de C.V., a Mexican pension fund manager, from the IXE Grupo Financiero S.A. de C.V., Mexico City.
A Mexican government agency, Instituto Mexicano del Seguro Social, owns the other 50% of the pension fund company.
The value of the deal was not given. Prudential still has to get approval from Mexican regulators before it can complete the acquisition.
