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Principal’s Deal to Buy Chile’s Cuprum Has Breakup Fee of 15%

Nov. 13 (Bloomberg) -- Principal Financial Group Inc., the seller of life insurance and retirement products, said a $1.5 billion deal to acquire Chile’s AFP Cuprum SA has a 15 percent termination fee.

Principal, based in Des Moines, Iowa, made the disclosure on its agreement to acquire Chile’s fourth-largest pension manager in a filing today.

Editor: Dan Kraut

To contact the reporter on this story: Zachary Tracer in New York at

To contact the editor responsible for this story: Dan Kraut at

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