Prudential woos investors over $35bn AIA deal

Insurance giant Prudential is meeting key shareholders to drum up support for its $35.5bn takeover of AIA, the Asian division of US insurer AIG.

Insurance giant Prudential is meeting key shareholders to drum up support for its $35.5bn takeover of AIA, the Asian division of US insurer AIG, and the $21bn rights issue needed to fund it. The deal is a record for the insurance sector the May rights issue will be Britain's largest ever. Last week, Prudential announced it would bring forward its planned Hong Kong listing to April so that its shares will trade there before the British rights issue.

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