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Truist announces $15 5 billion deal to sell remaining stake in insurance business

The sale is expected to bolster the Charlotte bank’s balance sheet and comes months after Truist announced “sizable” layoffs were coming.

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Truist Financial To Sell Remaining Stake In Truist Insurance Holdings

(RTTNews) - Truist Financial Corp. (TFC) announced Tuesday that it has reached a definitive agreement to sell its remaining stake in Truist Insura.

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Truist Financial to sell remaining stake in insurance unit for $15 5B (NYSE:TFC)

Truist Financial to sell remaining stake in insurance unit for $15 5B (NYSE:TFC)
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Truist agrees to sell rest of insurance unit for $15 5B

The all-cash sale is expected to close in the second quarter, the groups said. Truist s board voted unanimously to approve the deal.

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Truist selling insurance-brokerage unit at a $15 5B valuation to private-equity firms

Truist Financial Corp. said Tuesday it agreed to sell its remaining stake in Truist Insurance Holdings to an investor group led by Stone Point Capital and…

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