Prudential plc (‘Prudential’, the ‘Company’ or the ‘Group’) announces that it has reached an agreement to acquire the remaining shares* of Prudential Zenith Life Insurance Limited (‘PZL’), its joint venture business in Nigeria. PZL has existing bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
Prudential plc announces that it has reached an agreement to acquire the remaining shares* of Prudential Zenith Life Insurance Limited , its joint venture business in Nigeria. PZL has existing bancassurance partnerships with Zenith Bank in Nigeria and Ghana. Zenith Bank is a leading bank headquartered in Nigeria, with a network of over 400 branches and approximately 29 million customers across the region.
We see substantial long-term opportunities in Nigeria and plan to build on our existing agents, bancassurance partnerships and direct distribution capabilities. PZL is a great business and one we know well, and our relationship with Zenith Bank further strengthens our distribution capabilities in the region.” Emmanuel Aryee Mokobi, CEO, Africa, Prudential said: “This transaction increases our participation in an attractive market with significant growth potential.
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