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Prudential under pressure over AIA deal
03 March 2010
Prudential has lost around one fifth of its market value since it announced plans to acquire American International Group’s (AIG) Asian life insurance subsidiary, American International Assurance (AIA).
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[Prudential]
[American International Group]
[American International Assurance]
[AIA]
[AIG]
[rights issue]
[share price]
Prudential has lost around one fifth of its market value since it announced plans to acquire American International Group’s (AIG) Asian life insurance subsidiary, American International Assurance (AIA).
Shares in the UK’s largest insurer have tumbled by 19% in the two days since it announced the acquisition – falling by 56.8 pence on March 2 – amid concerns about how Prudential will fund the $35.5bn deal – the largest ever insurance acquisition.
Prudential is set to launch a record breaking £14bn ($21bn) rights issue to fund the deal, which will more than...
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