Prudential is splitting from its investment management arm, M&G. Credits: Bloomberg.
The total pre-tax costs for the demerger are estimated to hit £350 million.
September 27, 2019 at 04:19 AM
1 minute read
Magic Circle firm trio Slaughter and May, Linklaters and Freshfields Bruckhaus Deringer are among the advisers set to take a slice of a £75 million bill for their roles in the M&G Prudential demerger.
Life insurance giant Prudential Group is set to split from investment management unit M&G Investments, allowing M&G to trade on the main market of the London Stock Exchange (LSE) as an independent company.
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