According to Bloomberg, American International Group Inc (AIG) has agreed to sell an its Asian life insurance unit (AIA) with 20 million customers to Prudential Plc, Britain’s biggest insurer, for $35.5 billion. This M&A news has fuelled overall market sentiments in a positive way.
Slightly more than a month ago, Prudential also expressed interest and bought over Singapore's United Overseas Bank (UOB) life assurance unit. Prudential looks to have huge cash reserves.
AIG Sells Asian Life Unit to Prudential Plc for $35.5 Billion [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Robocopy, short for "Robust File Copy" is an advanced command-line utility included in Windows. It's designed to copy files an...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including seven new stations on the Thomson-East Coast Li...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.