Prudential Plc Completes The Demerger Of M&G Plc

  • Oct 21, 2019 BST
  • Team Kalkine
  • Prudential Plc (PRU) has completed the demerger of M&G Plc which it announced on 14 March 2018, resulting in two separately listed companies.
  • As per the merger terms, the shareholders retained their shares in the company and have also received shares in M&G.
  • The company management is of the opinion that the demerger will help both the companies to become more closely aligned to the interests of their shareholders as well as the customers.
  • On 21st October 2019, at the time of writing, GMT 11:47 AM, PRU shares were trading at GBX 1,382.00, up by 124.00 points or 8.23 per cent against the previous day closing price.

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