Britains Prudential in talks to buy AIA: sources

LONDON Sat February 27, 2010 9:21am EST Related News UK"s Prudential negotiates $35.5 bln understanding for AIG unitSat, February twenty-seven 2010Mega IPO of AIG"s AIA section faces headwindsFri, February nineteen 2010DEALTALK-Mega IPO of AIG"s AIA section faces headwindsFri, February nineteen 2010MetLife might compensate AIG in stock, money for unit: sourceTue, February 9 2010 Stocks & &

The trademark of British hold up insurer Prudential is seen on their building, in London Oct 21, 2008. he initial 9 months of the year.

Credit: Reuters/Stephen Hird

LONDON (Reuters) - Prudential (PRU.L), Britain"s largest insurer, is in modernized talks to buy the Asian operations of bailed-out word hulk AIG (AIG.N), sources informed with the discussions told Reuters on Saturday.

Deals&&&&Stocks&&&&Mergers & Acquisitions

Financing for the understanding -- that could be value some-more than $20 billion and would propel Prudential to the tip mark in between insurers in Middle East -- could embody a fender share issue, the sources said.

Prudential declined to comment.

A year ago sources informed with the make a difference pronounced that Prudential had done a rough suggest for AIA, but the medium cost fell short of the seller"s expectations.

At the time, AIG had longed for in between $20 billion and $40 billion for AIA, depending on the distance of the interest to be sold.

(Reporting by Clara Ferreira-Marques, Editing by Kylie MacLellan)

Deals Stocks Mergers & Acquisitions