Prudential Plc’s review of Eastspring Investments, which included possibly selling a stake or forming a partnership for the asset manager, has stalled amid concerns over valuation and deal structure, according to people familiar with the matter.
The process has paused as prospective bidders were lukewarm about buying a minority stake in Singapore-based Eastspring, the people said, asking not to be identified because the deliberations are private. Eastspring could’ve been valued at about US$3 billion ($3.84 billion), they said.
Other options under consideration included a partnership agreement excluding Eastspring’s operations in countries such as India and China, the people said.
Prudential Plc’s review of Eastspring Investments, which included possibly selling a stake or forming a partnership for the asset manager, has stalled amid concerns over valuation and deal structure, according to people familiar with the matter.
The process has paused as prospective bidders were lukewarm about buying a minority stake in Singapore-based Eastspring, the people said, asking not to be identified because the deliberations are private. Eastspring could’ve been valued at about US$3 billion ($3.84 billion), they said.
Other options under consideration included a partnership agreement excluding Eastspring’s operations in countries such as India and China, the people said.
