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PRU Prudential PLC

8.40
-0.15 (-1.75%)
19 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Prudential PLC TG:PRU Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -1.75% 8.40 8.35 8.40 0.00 22:50:08

HSBC Korea Head Says No Plans For Acquisition Now

07/10/2009 7:10am

Dow Jones News


Prudential (TG:PRU)
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From Jul 2019 to Jul 2024

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HSBC Holdings PLC (HBC) isn't looking for an acquisition in South Korea as of now, the head of its local unit, HSBC Korea, said Wednesday.

"At the moment, there are no plans for an acquisition (in Korea)," Matthew Deakin told reporters.

He also brushed off the possibility of acquiring Prudential Investment & Securities Co. Ltd.

Prudential Financial Inc. (PRU) said earlier this week that it will look into a possible sale of either Prudential Investment Securities or Prudential Asset Management Co. Ltd., or both.

In 2007, HSBC reached an agreement to buy Korea Exchange Bank (004940.SE) from Dallas-based private equity company Lone Star Funds for around $6 billion, but scrapped the deal last year amid turmoil in the global financial market.

-By Jin-Young Yook, Dow Jones Newswires; 822-2198-2230; jin-young.yook@dowjones.com

 
 

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