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Prudential PLC (PUK) confirms it has sold its Taiwan agency to China Life (LFC), after receiving...
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Friday, June 19, 2009, 7:18 AM ETPrudential PLC (PUK) confirms it has sold its Taiwan agency to China Life (LFC), after receiving regulatory approval this week. As part of the deal, PRU will take a 10% stake in LFC. The sale frees up £800M in cash for Prudential. PUK +4.4% premarket. LFC +2.5% in Shanghai.
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