Unum to Buy Poland's Pramerica Ycie From Prudential Financial
January 23 2018 - 06:13AM
Dow Jones News
By Colin Kellaher
Unum Group (UNM) on Tuesday said it agreed to acquire Pramerica
ycie TUiR SA, a financial-protection provider in Poland, from
Prudential Financial, Inc. (PRU).
Terms of the deal, which marks Unum's entry in Poland, weren't
disclosed.
The Chattanooga, Tenn., provider of insurance products said the
transaction, expected to close by the end of the year, doesn't
change its earnings or capital-management outlook for 2018.
Unum said Pramerica ycie will remain a standalone business
reporting to Unum U.K. President and Chief Executive Peter
O'Donnell.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 23, 2018 06:58 ET (11:58 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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