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British insurer Prudential said it had purchased a majority stake in Nigeria's Zenith Life to give it entry to the African nation's quick-rising insurance market. Royal Dutch Shell Plc said it will sell its 45 p.c stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) για as much as $1.23 billion, marking the oil firm's exit from the upstream enterprise in Eire. Australia and New Zealand Banking Group is near a deal to sell its Malaysian banking stake to a pension fund and exit the Southeast Asian nation, sources familiar with the matter stated, in a transaction that might be price round $900 million.
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