Report: Pru, in what could be $2B deal, considering selling retirement business

Prudential Financial Inc. is exploring a sale of the bulk of its retirement business, Bloomberg reported this week.

The deal potentially could be worth more than $2 billion, Bloomberg reported.

Prudential CEO Charles Lowrey has said previously he has a three-year strategy to transform the company’s products and services. Whether that includes the sale of the business arm that provides retirement products to public and private companies and nonprofits remains to be seen.

Sources told Bloomberg that a final decision in the matter has not been made and that Prudential could opt to keep the business.