Principal Financial Group Inc (PFG.OQ)
18 Jan 2018
Thu, Jan 11 2018
* PRINCIPAL AND CIMB GROUP TO REALIGN OWNERSHIP STAKES IN JOINT VENTURES ACROSS SOUTHEAST ASIA
KUALA LUMPUR, Jan 11 CIMB Group Holdings Bhd will sell part of its stakes in two asset management joint venture units to U.S.-based partner Principal Financial Group for 470.3 million ringgit ($118.02 million).
Investment manager Principal Financial Group Inc said on Tuesday it would purchase Indian lender Punjab National Bank's minority stakes in their joint ventures.
Jan 2 Investment manager Principal Financial Group Inc said on Tuesday it would purchase Indian lender Punjab National Bank's minority stakes in their joint ventures.
* CO TO ACQUIRE OWNERSHIP OF JV WITH PUNJAB NATIONAL BANK Source text - [Principal to acquire ownership of joint venture with Punjab National Bank Mumbai, India, January 2, 2018 – Principal Financial Group and Punjab National Bank (PNB) announced the signing of a shares purchase agreement to give Principal full ownership of the Principal-PNB asset management company and Principal Trustee Company Private Limited in India, pending regulatory approval.]