British insurer Prudential is tapping sovereign wealth funds in China and Singapore to help finance its 35.5 billion dollar buyout of US insurance giant AIG's Asian arm, a report said Tuesday.It said the Singaporean and Chinese sovereign wealth funds had not made a final decision but their response was positive.
Singapore's Temasek Holdings and China Investment Corp (CIC), among the region's major sovereign wealth funds, would not comment on whether they had been approached by the British insurer. Full Story
Related:
Asian banks invited to help Prudential sell rights - Reuters
Prudential looks East as UK shareholders baulk at AIG deal - Management Today
Prudential Taps Temasek To Help Fund AIA Acquisition: Sources - The Wall Street Journal
Asian banks invited to help Prudential sell rights - Moneycontrol.com
Prudential suffers as Fitch and S&P threaten to cut rating - Telegraph.co.uk
The Pru must play fair by all its shareholders - Times Online
Pru shareholders threaten to oppose record rights issue - Telegraph.co.uk
