Prudential, the British insurer, says it is in "advanced" talks to purchase AIA, the Asian arm of US insurance company AIG, in a deal that would create the biggest insurer in Southeast Asia.
A source close to the deal said late on Sunday that AIG had agreed to sell its Asian division to Prudential for around $35bn.
"The board of Prudential plc notes the recent press speculation regarding a possible transaction involving AIA Group Limited," the London-listed Prudential said in an official statement on Monday......... read more>>
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