Principal Financial Group, Inc. acquired a 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation and National Council for Social Security Fund.
Principal Financial Group, Inc. (NasdaqGS:PFG) completed the acquisition of 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund on January 6, 2023. The transaction is immediately accretive to earnings.