Pru to auction off Asian assets following AIA deal-papers

The UK insurer, which is hoping to publish a prospectus for the takeover early next week, is likely to press ahead with the sale of AIA's joint venture in India, according to the Times. A sale of one of two joint ventures in China is also likely, with disposals of businesses in Vietnam and Korea a possibility, sources close to the deal said. The Pru will also outline an aggressive 100-day cost and efficiencies plan in an effort to convince sceptical shareholders it can make the acquisition yield big financial rewards within three years. It must also gain clearances from the FSA and...