Prudential Exit Taiwan

Prudential Plc, Britain's largest insurer, is offering its entire stake in Taiwan-listed China Life Insurance Co Ltd in a deal worth about US$160 million (S$200 million), IFR reported on Tuesday, citing a term sheet of the transaction.

Prudential is offering 179.5 million shares in China Life Insurance in a range of T$26.05 (S$1.09) to T$26.3, the equivalent of a discount of 2 per cent to 3 per cent to Tuesday's close of T$26.85, added IFR, a Thomson Reuters publication.