Chinese investors eye Pru's Asian arm
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A group of Chinese investors who backed Prudential’s AIA bid is reportedly considering a takeover deal of Prudential’s Asian division.
A report in The Sunday Times says the consortium of investors who were behind Pru’s failed bid to buy the Asian arm of AIG are now looking at taking control of Pru’s Asian arm instead.
It follows talks held by the investors to take up to a 30 per cent stake in AIA which collapsed two weeks ago.
It is thought that if the group was to pursue the takeover deal the investors would want to break up the Pru as they have little interest in Pru’s British or American businesses.
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