Pru left with €542m bill as AIA deal collapses

Insurer Prudential was left with a £450m (€542m) bill today after its £24bn (€28.9bn) Asian adventure came to a humiliating end.

Pru left with €542m bill as AIA deal collapses
Wed, 02 Jun, 2010 - 08:42

Insurer Prudential was left with a £450m (€542m) bill today after its £24bn (€28.9bn) Asian adventure came to a humiliating end.

The Pru’s bid to buy AIA – the Asian arm of bailed-out US insurance giant AIG - finally collapsed after its shareholders baulked at the hefty price and chief executive Tidjane Thiam failed to renegotiate the deal.

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