Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake
A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings Ltd. through a deal that will see US financial-services giant Prudential Financial Inc. exit its investment in South Africa’s biggest standalone retirement-fund administrator.

<p>A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings Ltd. through a deal that will see US financial-services giant Prudential Financial Inc. exit its investment in South Africa’s biggest standalone retirement-fund administrator.</p>