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Truist Selling Insurance Brokerage At $15.5B Value

By Al Barbarino (February 20, 2024, 12:11 PM EST) -- Truist Financial Corp. said Tuesday it has agreed to sell its remaining stake in subsidiary Truist Insurance Holdings to an investor group led by private equity firms Stone Point Capital and Clayton Dubilier & Rice, in an all-cash transaction that gives the insurance brokerage an enterprise value of $15.5 billion....

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