Market Chatter: Prudential Review of Asian Asset Management Business Stalls
MT Newswires
Aug 26
Prudential's (HKG:2378, SGX:K6S) review of its Asian asset management business Eastspring Investments has stalled after failing to attract firm interest, Bloomberg reported Monday.
The company was looking to sell a 30% stake or form a partnership for the asset manager which it valued at about $3 billion, but received lukewarm response.
Prudential may still explore a potential deal for the business in the future, the report said.
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