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Prudential PLC shares dive as Jackson Life demerger is delayed


Prudential shares dive as Jackson Life demerger is delayed
The US demerger will complete Prudential s structural transformation into a business solely focused on the growth opportunities of Asia and Africa
Prudential PLC (LON:PRU) said it now expects the demerger of its US arm Jackson Life to take place later this year than previously anticipated.
The insurance giant had been targeting a demerger in the second quarter of this year but now says the separation will take place in the second half of 2021, subject to regulatory and shareholder approvals.
In a statement issued ahead of its annual general meeting, the Pru said it is still considering raising equity of US$2.5bn-US$3bn following the completion of the demerger to enhance financial flexibility and bolster its balance sheet. ....

Hong Kong , Mike Wells , Jackson Life , Big Caps , Financial Services , Prudential Plc , Lon Pru , ஹாங் காங் , மைக் கிணறுகள் , ஜாக்சன் வாழ்க்கை , பெரியது தொப்பிகள் ,

Prudential share price tumbles as Jackson Life demerger gets pushed back

Prudential demerger of its US arm Jackson Life has been pushed back to the second half of the year, the insurer announced today, causing its share price to tumble. ....

Mike Wells , Jackson Life , மைக் கிணறுகள் , ஜாக்சன் வாழ்க்கை ,