Prudential pledges to keep UK listing
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Prudential chief executive Tidjane Thiam has insisted the insurer will keep its UK stockmarket listing “whatever happens to the UK business”, suggesting it is succumbing to pressure from Clive Cowdery’s Resolution.
In today’s Daily Telegraph, Thiam is quoted as saying: “There is no way we would not be listed in London. Whatever happens to the UK business, we are committed to the London listing unambiguously.”
Thiam admitted recently that he has held talks with Cowdery on the possibility of being acquired by the consolidation vehicle. The relatively newly appointed chief executive has been lambasted over his decision to snap up AIG’s Asian subsidiary AIA for £23.5bn in early March.
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Readers' comments (1)
Mock Spannings | 16 Apr 2010 10:49 am
Sorry Helen not one of your strongest articles, are you just trying to drum up some pressure on Pru following on from yesterdays admits they had talks story. If there is hard evidence please present it, if not its not the sort of story i have come to expect from you
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