Prudential (PUK) is looking at various options for its asset manager Eastspring Investments, including the sale of a minority stake that could value the business at about $3 billion, Bloomberg News reported Tuesday, citing people familiar with the matter.
The company is considering selling about 30% of Eastspring and forming a partnership to help Eastspring diversify into private credit and dollar-denominated assets, according to the report.
Prudential is working with a financial adviser to review the Singapore-based firm and has started sounding out prospective buyers, Bloomberg added.
Prudential and Eastspring did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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