March 24, 2020 / 8:58 AM / 5 days ago

Prudential considers other options besides minority IPO for U.S. business

FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. REUTERS/Simon Dawson/File Photo

(Reuters) - Prudential said on Tuesday it was actively evaluating other options in relation to its U.S. business Jackson along with preparations for a minority public offering, due to continued market turmoil on the coronavirus outbreak.

“Our business continues to be financially resilient,” Prudential said in a statement as businesses and organisations globally suffer disruptions as governments move to stymie the spread of coronavirus.

Prudential, Britain’s largest insurer, had announced plans earlier this month to float a minority stake in Jackson amid demands from rebel investor Third Point for a full break-up.

Reporting by Muvija M in Bengaluru; editing by Carolyn Cohn

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