Fidelity National Financial Announces Intent To Invest Approximately $250M In Majority-Owned Subsidiary F&G
Portfolio Pulse from Benzinga Newsdesk
Fidelity National Financial (FNF) has announced plans to invest around $250 million in its majority-owned subsidiary, F&G. As of September 30, 2023, FNF held an 85% ownership stake in F&G. The investment is intended to support F&G's growth of assets under management.
November 13, 2023 | 9:30 pm
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Fidelity National Financial plans to invest $250M in F&G to support its growth, indicating a strategic move to enhance its subsidiary's financial position and assets under management.
The investment by FNF into F&G is a significant financial commitment that suggests confidence in F&G's growth potential. This strategic move is likely to be viewed positively by investors as it indicates proactive management and potential for increased value in FNF's holdings.
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