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Insurance

Prudential to split Asian and US businesses amid activist's pressure

Insurer to offer IPO for Jackson after Third Point presses company on share value

Third Point says Prudential's shares have lagged those of rival AIA Group's by 80% over the past five years. Both companies trade on the Hong Kong Stock Exchange.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | Hong Kong

HONG KONG -- Prudential PLC said on Wednesday it planned a partial public offering of its U.S. business, falling short of the full separation from its remaining Asian unit that an activist investor has demanded.

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