Prudential's (PUK) move to pare its stake in Asian subsidiary Eastspring Investments, exploring options such as a partial sale or partnership, has stalled due to concerns over valuation and deal structure, Bloomberg reported Monday, citing people familiar with the matter.

The process has stalled as potential buyers showed limited interest in acquiring a minority stake in Singapore-based Eastspring, the report said, adding that Eastspring's valuation was estimated at around $3 billion.

Bloomberg further noted that a partnership agreement excluding Eastspring's operations in countries such as India and China is also under consideration.

In December, Bloomberg reported that Prudential was mulling options including selling about 30% of Eastspring or forming a partnership to diversify in areas such as private credit and dollar-denominated assets.

Prudential didn't immediately reply to MT Newswires' request for comment.

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