Investment management company Principal Financial Group Inc. will acquire AFP Cuprum S.A.
Principal says that, based on current exchange rates, the purchase price for 100 percent of the company is about $1.51 billion, subject to adjustments for pre-closing dividends. Pending Chilean regulatory approval and the fulfillment of other conditions, the transaction is expected to close in Q1 2013 and be accretive immediately to EPS and ROE.
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