Principal Financial Group, Inc. (NasdaqGS:PFG) agreed to acquire a 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund on April 13, 2022. As per the terms, Principal Financial will acquire a 15% stake from China Construction Bank and 2.65% stake from National Council for Social Security Fund. The transaction is subject to regulators approval.

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.