Principal Financial Buying HSBC Afore

Principal Financial Buying HSBC Afore

M&A Funds

The Principal Financial Group (PFG) says it has agreed to acquire pension fund HSBC Afore from HSBC’s Mexico unit, Grupo Financiero HSBC, for $198m equivalent in cash. PFG says it will finance the acquisition with cash at hand. In its February 2011 e

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