AIA sets date for HK listing
AIA, the Asian arm of US insurer AIG, has set Oct 29 for its planned $15bn-plus listing on the Hong Kong Stock Exchange, reports the FT. AIA is expected to set a price range for its IPO early next week...
View ArticlePrudential to buy AIG Japan units
Prudential Financial and MetLife , US insurers and archrivals, are extending their competition to Japan as AIG sells its Japan units, reports Bloomberg. Prudential is set to buy AIG’s Star Life and...
View ArticleAIA shares shine after IPO
Shares in American International Group’s former Asian unit have surged 17 per cent on their first day of trading in Hong Kong, Reuters reports. AIA now bears a market value above $35.5bn, the initial...
View ArticleBlackstone in front for Citi’s Egg
Blackstone Group has emerged as the likely front-runner for Citigroup’s Egg Banking ahead of the bid deadline on Thursday, reports Dow Jones Newswires. While the report says it is unclear whether...
View ArticlePrupim in £125m Sainsbury deal
Prupim, the property investment arm of UK insurer Prudential, has bought three supermarkets occupied by Sainsbury for £125m for a fund that hedges inflation risk, reports Reuters. The sale and...
View ArticleGlencore’s fast track to the FTSE 100
Question. Which company planning to list in London towards the end of May might meet these criteria?Continue reading: Glencore’s fast track to the FTSE 100
View ArticleProbe launched into Pru’s failed AIA bid
An investigation is under way into the handling of Prudential’s $35bn aborted bid for Asian life assurer AIA, according to people familiar with the matter. The London-based insurer was ordered by the...
View ArticlePresenting G4SISS
Bold, strategic, reckless? There are a number of ways to view G4S’s proposed acquisition of Danish rival ISS for £5.2bn.Continue reading: Presenting G4SISS
View ArticleThe Pru and thin-skinned, idiot regulation
A theory was gaining ground on Wednesday that, having utterly failed in any way to deal with Britain’s cartwheeling banks ahead of the crisis, the FSA, Britain’s alleged financial regulator, has now...
View ArticleIs the FSA (still) a leaky ship?
It may seem fanciful that Tidjane Thiam and other directors at Prudential believed that a leak of their planned $35bn takeover of AIA three years ago might come from the FSA. But they did. Here’s...
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