Truist to sell remaining stake in TIH to Stone Point, CD&R, Mubadala in $15.5bn deal
Truist Financial has signed a definitive agreement to sell its remaining stake in Truist Insurance Holdings to an investor group led by Stone Point, Clayton Dubilier & Rice and Mubadala Investment Company, in a deal valuing the business at $15.5bn or 18x core Ebitda.
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