Prudential plc plans to fully acquire Nigerian insurer PZL, enhancing its African presence.

Prudential plc plans to fully acquire Prudential Zenith Life Insurance Limited (PZL) in Nigeria, having previously obtained a 51% stake in 2017. This acquisition aims to enhance Prudential's presence in the African insurance market, particularly in Nigeria, which has low insurance penetration. PZL has partnerships with Zenith Bank in both Nigeria and Ghana. The transaction is contingent on certain conditions and reflects Prudential's strategy for growth in Africa.

September 27, 2024
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