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Pru tightlipped on fund talks
INSURANCE major Prudential yesterday stonewalled rising speculation that it is in advanced talks with two strategic investors to take a stake of up to 20 per cent in the company.
It is said the funds raised would help mount an 8.6 billion bid for the Asian business of AIG, the insurance giant bailed out by the US taxpayer. The Pru is thought to be being advised by UBS and Credit Suisse, which is negotiating with investment funds in the Middle East and China. A spokesman for Prudential declined to comment.
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Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 12 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 10 C to 20 C
Wind Speed: 14 mph
Wind direction: North east
