Prudential to spin off US unit in pivot towards Asia and Africa
11 August 2020 - 19:35
London — British life insurer Prudential says it plans to spin off its US business Jackson to focus on Africa and its largest market Asia, responding to investor pressure for a split.
Prudential's shares hit eight-week highs as investors cheered news the company would follow in the footsteps of peers Standard Life and Old Mutual, which have both divided up their operations in recent years...
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