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Prudential takesover AIA

AIG bids farewell to its Asian arm AIA as a takeover by Prudential takes place.

British insureer, Prudential, will offer up to US$35 million dollars for AIA. The deal will be settled through cash, paid through a rights issue by Prudential and also through AIG taking a minority stake in the British insurer.

Prudential stepped in after AIG announced that it was intending to IPO its Asian arm. Analysts had previously forecasted that the IPO would raise 10 billion dollars. AIG had earlier intended to auction off 49 percent of its Asian arm after the financial crisis but that failed as it did not receive any suitable offers.

Prudential will double its size by this deal.
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  1. aaravlagharSeptember 3, 2020 at 5:38 AM

    Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Prudential Singpapore

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