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Prudential arm suspends trading in $5.7bn UK property fundM&G, the fund management arm of insurer Prudential, has suspended trading in its 4.4 billion pound ($5.74 billion) UK property portfolio and feeder fund, the firm said on Tuesday. The fund is the third UK commercial property f More… |
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Qatar, Singapore to underwrite $20bn Pru issueQatar Holding and Singapore's biggest sovereign wealth fund GIC have committed to underwrite a significant portion of UK Prudential's $20 billion rights issue. GIC is an existing shareholder, with a 0.5 percent stake in Prudential, More… |
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Prudential confirms $35bn bid for AIG AsiaBritain's Prudential confirmed it is in advanced talks to buy the Asian arm of AIG in a deal that would make the insurer the undisputed leader in one of the world's fastest-growing financial services markets. The proposed acquisiti More… |
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AIG agrees to $35.5bn Prudential offerAmerican International Group (AIG) agreed to the sale of its Asian life insurance unit to Britain's Prudential for about $35.5 billion, in a deal that would help the US government get back billions of its bailout money, sources said. T More… |
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Prudential arm to launch Saudi ventureThe Asian fund arm of UK insurer Prudential Plc said on Thursday it received approval to launch a Saudi Arabian joint venture, its latest move to gain exposure to high-growth emerging markets. Prudential Asset Management, which operates in More… |
Prudential Asia to launch Sharia fundsPrudential's Asia fund arm plans to launch at least two new equity products this year, including sharia and India-Asia funds it hopes will raise at least $150 million each, Prudential executives said. The Shari'a Asian Equity Fund would be More… |
