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PRU Prudential Plc

728.60
23.60 (3.35%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  23.60 3.35% 728.60 724.40 724.60 726.00 711.40 711.40 31,739,208 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6178 11.73 19.94B

Prudential Sells Unit to South Korea's Shinhan Financial for $151 Million

23/01/2018 7:10am

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Prudential (LSE:PRU)
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By Adria Calatayud 
 

Prudential PLC (PRU.LN) said Tuesday that it has agreed to sell its Vietnamese consumer-finance unit, Prudential Vietnam Finance Company Ltd., to a subsidiary of South Korea's Shinhan Financial Group Ltd. (055550.SE) for $151 million.

Prudential and Shinhan's subsidiary--Shinhan Card Ltd.--have also agreed a new long-term bancassurance partnership in Vietnam and Indondesia, the U.K. financial-services group said.

Prudential Vietnam Financial Company was launched in 2006 and is the fourth-largest consumer finance company by outstanding loan balance in Vietnam, Prudential said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

January 23, 2018 01:55 ET (06:55 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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