Prudential launches €16.9bn rights issue

Prudential launched the UK’s biggest ever rights issue today as it looks to fund the controversial acquisition of AIG Group’s Asia business.

Prudential launches €16.9bn rights issue
Mon, 17 May, 2010 - 09:27

Prudential launched the UK’s biggest ever rights issue today as it looks to fund the controversial acquisition of AIG Group’s Asia business.

The £14.5bn (€16.9bn) cash call should have been launched two weeks ago but was delayed after the Financial Services Authority raised concerns about the capital strength of the enlarged company.

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CourtsBusinessHeathrowPlace: UKPlace: AsiaPerson: Chief ExecutivePerson: Tidjane ThiamPerson: ThiamOrganisation: PrudentialOrganisation: AIG GroupOrganisation: Financial Services AuthorityOrganisation: PruOrganisation: FSA
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