Skip to main content

noComment
Markets give Pru takeover thumbs down

economy

| |

The UK’s biggest insurer the Prudential has launched its massive rights offer worth 17 billion euros to finance its purchase of AIG’s Asian operations.

The record-breaking offer, the biggest in the Pru’s history, is controversial as some say it will leave the company without enough reserve capital. Pru shares slipped by over 5 percent on the news.

More about: ,

Copyright © 2012 euronews

| |

Log in
Please enter your login details