The demerger of UK and European savings and investments business M&G Plc from its parent Prudential Plc is expected to be completed no later than 8am UK time on October 21.
This was revealed by the British insurance giant when it announced that the circular in relation to the demerger as well as the prospectus for the proposed admission of M&G’s ordinary shares have each been approved by the Financial Conduct Authority and published by the respective entities.
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