Prudential PLC: Taking Stake in the ‘Biggest Bargain in Asia’
March 8, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Charlie Price submits:
Last week, America International Group (AIG), which is 80% owned by the taxpayer, announced the sale of its Asian life insurance business to Prudential PLC (PUK)*. The deal, valued at about $35.5 billion, creates an unrivaled life insurance powerhouse in Asia.
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