Prudential has confirmed it is in talks to renegotiate its deal to
take over AIG's Asian business AIA.
The UK insurer announced its plans to take over AIA for £24.6bn ($35.5bn) earlier this year, but has since faced a backlash from
shareholders.
It is now believed to be seeking a
lower price for the deal, in order to appease investors who think it is paying too much.
The Pru has called the deal a "one-off"
opportunity to access the Asian market.
There is widespread speculation that the insurer could eventually
quit the UK and US altogether should the acquisition of AIA go ahead, focusing entirely on the fast-growing Asian insurance markets.
Prudential said that discussions with AIG about the current status of the deal had taken place and were continuing.
"These discussions may or may not lead
to a change in the terms of the combination of
AIA and
Prudential," the insurer said in a short statement. - BBC
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