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Ping An Weighs Bid For Prudential’s Asian Business

Ping An Weighs Bid For Prudential’s Asian Business

Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese acquisition. Potential buyers may well have to pay a premium to that to gain control, Cornes said.