Prudential presses ahead with record £14.5bn cash call

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Prudential presses ahead with record £14.5bn cash call

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05-17-2010, 07:02 PM

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Prudential presses ahead with record £14.5bn cash call

Prudential, which is Britain’s second largest insurer, has today outlined details of its £14.5 billion ($21 billion) rights issue, which will be used to help fund its acquisition of AIA, the Asian arm of US company American International Group (AIG).Earlier this month, fears were raised over the acquisition after the Financial Services Authority (FSA) intervened [...]

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