Reuters reported exclusively that Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China’s CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia. Changes in January to foreign ownership laws in China have made it possible for the first time for the British life insurer to own all of its CITIC joint venture, a landmark transaction which Prudential was working towards.
Reuters exclusively reports Prudential eyes full control of China venture, considers U.S. options
06 February 2020, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop