New Insurance Giant to Appear

Help | Sitemap | Archive | Advanced Search | Mirror in USA



CHINA BUSINESS OPINION WORLD SCI-EDU SPORTS LIFE WAP SERVICE FEATURES PHOTO GALLERY
	INTERACTIVE
	Message Board
	Feedback
	Voice of Readers
	China Quiz





	China At a Glance
	Constitution of the PRC
	State Organs of the PRC
	CPC and State Leaders
	Chinese President Jiang Zemin
	White Papers of Chinese Government
	Selected Works of Deng Xiaoping
	English Websites in China



	Help About Us SiteMap Employment
	MIRROR

	U.S. Mirror Japan Mirror Tech-Net Mirror Edu-Net Mirror

Tuesday, March 20, 2001, updated at 09:38(GMT+8)

Business

New Insurance Giant to Appear

British Prudential Insurance Group and American General Motor jointly announced the 30-billion-pound merger of the two companies to form a global insurance giant.

The merged company will be named as Prudential Industry.

It is known the shareholders of Prudential after the merger will own 50.5 percent stake of the company while that of GM will own 49.5 percent of the company's stake.

Total market value of the new company will reach 30.8 billion pounds. It is expected funds under its management will amount to 229 billion pounds.

The news of merger did not bring good luck to investors as the price of Prudential stock dropped 12.7 percent.

Source: Panorama



Print	Discuss It	Recommend to your friend

In This Section



	British Prudential Insurance Group and American General Motor jointly announced the 30-billion-pound merger of the two companies to form a global insurance giant.




Advanced Search


	Canadian Insurance Giant Seeks Opportunity in China China's Insurance Industry to Open up Faster Five Problems to Be Earnestly Solved in China's Insurance Market

	China's Fiscal Policies