Brief: Prudential to sell life insurance unit in Korea for 119 mln stg

Mirae Asset Life Insurance

10/11/2016 08:32

Nov 10 (Reuters) - Prudential Plc  PRU.L : 
    * Sale of life insurance business in Korea 
    * Reached an agreement to sell 100 pct of its life insurance 
subsidiary in Korea, PCA Life Insurance Co., Ltd 
    * Sale to Mirae Asset Life Insurance Co., Ltd., for KRW 170 
bln (equivalent to 119 mln stg) 
    * Transaction is subject to regulatory approval 
    * PCA Life Korea and Mirae will work together to ensure a 
smooth transition 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nRSJ8451Oa 
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