UK Pound Getting Bludgeoned As Threat Of British Hung Parliament Looms
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Pru agrees to buy AIA for $35.5bn
By FT Reporters
Published: March 1 2010 11:10 | Last updated: March 1 2010 11:10
Prudential, the UK’s largest life assurer, has agreed to buy the Asian operations of AIG for $35.5bn in cash and shares in a deal which will see the insurer undertake one of the largest rights issues in UK corporate history.
The deal will combine two of the largest insurance businesses in Asia, double the size of Prudential in the process and make the region is primary driver of sales and profits.
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Pru agrees to buy AIA for $35.5bn
By FT Reporters
Published: March 1 2010 11:10 | Last updated: March 1 2010 11:10
Prudential, the UK’s largest life assurer, has agreed to buy the Asian operations of AIG for $35.5bn in cash and shares in a deal which will see the insurer undertake one of the largest rights issues in UK corporate history.
The deal will combine two of the largest insurance businesses in Asia, double the size of Prudential in the process and make the region is primary driver of sales and profits.
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