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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

Prudential considers SWFs to fund bid for AIG

Posted on 20 October 2008

From Timesonline.co.uk: Prudential is considering handing a 20 per cent stake to a sovereign wealth fund to bankroll a bid for part of AIG, its stricken American rival.

Britain’s second-largest insurer has appointed Credit Suisse to lead talks with potential investors across the Gulf and the Far East. Mark Tucker, the Prudential chief executive, will confirm the move when the group reports its third-quarter new business figures tomorrow….. Full Article: Source


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