PRUDENTIAL will this week raise its growth forecasts and hint at a slew of future disposals as it battles to persuade investors to back its planned $35.5 billion (£24.4 billion) takeover of its Asian rival AIA.Britain’s biggest insurer will publish a 1,000-page prospectus in the next few days to back up the £14 billion share issue this is required to fund the deal.
A number of large Asian investors are believed to be waiting in the wings to bankroll Prudential if its existing shareholders get cold feet on the deal.
Thiam is believed to have been offered personal assurances from the Singapore government that the state investment funds GIC and Temasek are willing to provide billions of pounds. Full Story
Related:
Prudential pins hopes on Asian investors - Telegraph.co.uk
