Prudential reiterates interest in U.S. bolt-on deals

Thu Apr 17, 2008 8:39am BST
 
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LONDON (Reuters) - Insurer Prudential (PRU.L) said on Thursday it remained interested in bolt-on deals in the United States over the next six to 12 months to grow its business there.

Pru executives had said last month that market volatility and changes in the pricing cycle were helpful for its U.S. acquisition plan.

"We will look to make bolt-on (deals) over the next six to 12 months, particularly on the life side," Chief Executive Mark Tucker told reporters on a conference call.

"The opportunities, with a lot of different factors in the market place in the United States, mean that overall it is more likely we will do a deal in the next 6 to 12 months than over the last six to 12 months, but we have very strong economic discipline."

(Reporting by Clara Ferreira-Marques)

 

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