Intesa Sanpaolo Group acquires 100% of Pramerica SGR
The Intesa Sanpaolo Group has concluded the purchase from Prudential Financial, Inc. of the latter’s 35% stake in the Italian asset management company Pramerica SGR. The agreement brings the Intesa Sanpaolo Group’s shareholding in Pramerica SGR to 100%.
The transaction reflects Intesa Sanpaolo’s commitment to being one of Europe’s leading Wealth Management and Protection companies and supports the Group’s business model of fully owning its product factories.
Through its subsidiary Eurizon, Intesa Sanpaolo is already a leader in Italy’s asset management industry and operates in many international markets (Luxembourg, UK, Spain, France, Germany, Switzerland, Eastern Europe, Hong Kong and Mainland China), with a wide range of asset management products and services for retail, private and institutional customers.
Last updated 29 March 2021 at 14:12:21