) is in discussions to sell its insurance brokerage to private equity firm Stone Point for around $10 billion, according to a report from Semafor on Tuesday.
The publication said sources familiar with the matter told them Stone Point bought 20% of the business earlier this year and is now in talks to acquire the rest. In February, Stone Group is said to have taken a 20% stake in the business, with the deal including money from Emirati sovereign fund Mubadala. The deal valued Truist's insurance business at $14.5 billion. However, it is not clear whether the deal for the rest of the business would include other investors.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »