January 28, 2021, 11:57 am
Insurance giant Prudential has said it will spin off its US business in the second quarter of 2021 (Chris Young/PA)
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Insurance giant Prudential has said it will spin off its US business in the second quarter of 2021 and is considering raising up to 3 billion US dollars (£2.2 million) as it looks to expand across Asia and Africa.
The London-listed group will demerge the Jackson business directly to investors rather than through an initial public offering (IPO) to speed up the separation.