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LONDON (Reuters) - British insurer Prudential expects to split off its U.S. business in the second quarter, it said on Wednesday as it posted a 4% rise in full-year operating profit on the back of strength in Asia.
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. REUTERS/Simon Dawson
Prudential, which has been pressed by activist investor Third Point to split the business in two, said in January that it would separate U.S. unit Jackson through a demerger and could raise up to $3 billion in new equity.
British insurer Prudential
expects to split off its U.S. business in the second
quarter, it said on Wednesday as it posted a 4% rise in
full-year operating profit on the back of strength in Asia. . | March 8, 2021