Prudential PLC (PUK) confirms it has sold its Taiwan agency to China Life (LFC), after receiving...

|About: Prudential plc (PUK)|By:, SA News Editor

Prudential 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.