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Truist Financial To Sell Remaining Stake In Truist Insurance Holdings

Truist Financial To Sell Remaining Stake In Truist Insurance Holdings

Truist Financial Corp. (TFC) announced Tuesday that it has reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier & Rice. Mubadala Investment Company and other co-investors are also participating in the investment.
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