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Is Prudential about to cut ties with the UK?

Despite the fact that the Prudential has links with the UK going back to 1848 it is believed that directors of the company are currently considering a sale of the UK business. This is a shock for many analysts who believed that the Prudential would be based in the UK forever and a day. So why the potential change in policy?

The rumours about a potential sale of the UK business centre round the fact that the company is currently in negotiations to buy the Asia division of AIG. This is a multi-billion pound takeover and there are concerns about how the transaction will be funded and the structure of the group going forward. However, nobody for a moment believed that the Prudential would look to sell any UK operations but it looks as though the company is considering all options and may even hint at a sale of UK operations this week.

Whether the company would be able to obtain a good price for its UK operations in the current marketplace is open to debate but then again you could argue the company is getting a "good price" for the AIG Asian operation.

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