Prudential says pulling out of bid for insurer AIA

2nd June 2010, Comments 0 comments

British insurer Prudential said Wednesday it was terminating its bid to buy AIA, the Asian arm of US group AIG.

Prudential said in a statement it was "in negotiations with American International Group, Inc. (AIG) for the termination of the agreement (the SPA) for the combination of Prudential with AIA Group Limited (AIA)."

© 2010 AFP

0 Comments To This Article