[Prudential Financial of the United States sells Brazilian and Mexican insurance businesses for US$4.025 billion in cash] On October 20, Prudential Financial announced that it had reached a final agreement with French insurance group CNP Assurances to sell its Brazilian and Mexican businesses to related entities of CNP Assurances for a total of US$4.025 billion in cash. The final amount needs to be adjusted based on delivery. The transaction is expected to close in the second half of 2027, subject to customary closing conditions and regulatory approvals. The transaction is part of Prudential Financial's strategy to exit emerging markets. The company plans to use the proceeds from the sale for capital allocation and investment in retirement, asset management and protection businesses in the United States, Japan and select European markets. CNP Assurances hopes to strengthen its business in Brazil and enter the Mexican market.