Prudential may abandon its deal to take over AIG’s Asian business if the price cannot be renegotiated, a report says.
The UK insurer announced plans to buy AIA for £24.6bn ($35.5bn) earlier this year, but faced a backlash from investors who think it is paying too much.
According to The Sunday Telegraph, the Pru’s boss Tidjane Thiam has privately said AIG must lower its asking price.
If this did not happen it was likely the deal would be off, the paper said.