Sponsored by
Chinese eye a stake in the Pru
CHINESE investors are believed to be considering buying a strategic stake in Prudential or even making a bid for the UK insurer's Asian business.
The move would follow their lack of success in taking a strategic stake of up to 30 per cent in AIA, the Asian arm of the American insurance giant AIG, ahead of that company's flotation.
A consortium led by Guo Guangchang, chairman of Fosun Group, a Chinese conglomerate, is said to be considering other options following the failed talks with AIA, including a bid for the Pru's Asian business.
Other investors who submitted bids to AIA are reported to be Fred Hu, former chairman of Goldman Sachs in Greater China, and Shan Weijian, chairman of Pacific Alliance Group.
Email to a friend
Print this page- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Rangers takeover: Duff & Phelps threaten legal action against BBC
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North
Tomorrow
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
