3rd Oct 2019 16:06
(Alliance News) - Prudential PLC on Thursday said Capital Group Companies Inc cut its stake in the company to 4.9% from 9.9%.
Capital Group cut its holding on Wednesday to 127.7 million ordinary shares and 567,842 American depositary shares, equating to 128.3 million shares overall or a 4.9% stake.
Shares in Prudential were down 1.5% at 1,373.00 pence in London on Thursday afternoon.
On Monday, life insurance and financial services firm Prudential said its Asian asset management business, Eastspring Investments, is to buy a 50% stake in Thanachart Fund Management Co Ltd. The Thanachart deal is worth THB4.21 billion, roughly GBP108 million.
By Anna Farley; [email protected]
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