Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
The failure may also cost CEO Tidjane Thiam his job.
The costs, about a third of 2009 operating profit, include £153m in break fees and £81m in underwriting charges and currency hedges, Prudential
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