News - Asia Pacific: Prudential buys AIA for US$35.5 bln

Source: Asia Insurance Review | Apr 2010

Britain’s largest insurer Prudential has announced that it is buying the Asian unit of US insurance giant AIG in a deal worth US$35.5 billion. Prudential will pay US$25 billion in cash, including US$20 billion from a rights issue, and US$10.5 billion in new shares and other securities to acquire AIA Group.

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News - Asia Pacific: Prudential buys AIA for US$35.5 bln

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