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Athene’s completes $500 million equity investment in US business

July 20, 2020 / Terry Gangcuangco
SHARESHARESHARE

Athene Holding Ltd subsidiary Athene Life Re Ltd now owns an 11.1% economic interest in the US business of London-headquartered Prudential Plc. According to the board of directors of Prudential, Athene’s US$500 million equity investment has been finalized giving the “important investor” a 9.9% voting interest. “We are delighted to announce the completion of Athene’s $500 million equity investment in our US business,” commented Prudential group chief executive Mike Wells.