Prudential PLC Considering $2.5 Billion-$3.0 Billion Equity Raise; 2020 Pretax Profit Rose
03 Março 2021 - 6:22AM
Dow Jones News
By Ian Walker
Prudential PLC said Wednesday that it is considering an equity
raising of $2.5 billion to $3 billion once the demerger of its U.S.
business has completed, as it reported a 9.3% rise in net profit
for 2020.
The insurance-and-investment business said any equity raising
will be through a global offering to institutional and Hong Kong
retail investors.
Prudential expects to complete the demerger of Jackson Financial
Inc. in the second quarter of this year. The company previously
said it plans to spin off the U.S. business in the second quarter
of this year and list it on the New York Stock Exchange.
Prudential made an IFRS net profit from continuing operations of
$2.12 billion for the year compared with $1.94 billion in 2019.
Adjusted operating profit--one of the company's preferred
metrics which strips out exceptional and other one-off items--was
$5.51 billion compared with $5.31 billion.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
March 03, 2021 04:07 ET (09:07 GMT)
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