Prudential reaches $753m Thai deal with tycoon Li’s FWD

Prudential reaches $753m Thai deal with tycoon Li’s FWD

Photo: Reuters

Prudential Plc, the U.K. insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal.