Prudential sets £10bn cash target after strategy pays off
Prudential has reached five of the six objectives it had set itself for 2013 and is on course to reach its final aim of doubling the 2009 Asia new business profits by the end of the year, Tidjane Thiam said today.
He also said that the insurer plans to raise £10bn, or a third of its market capitalisation value, in cash over the next four years and generate an underlying surplus in its Asia business of £0.9bn - £1.1bn,...
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