IN BRIEF: Prudential starts USD1.2 billion buyback amid IPO proceeds
Prudential PLC - London-based insurer focused on Asia and Africa - Launches a USD1.2 billion share buyback programme, which it expects to complete by late December this year. JPMorgan Securities PLC will conduct the programme on Prudential's behalf. The buyback represents USD500 million in capital returns, Prudential says, plus USD700 million in net proceeds from the initial public offering in India of ICICI Prudential Asset Management Co Ltd. Read More