Vietnam examines Prudential-AIA deal

Regulators are examining Prudential’s bid for American International Assurance to ensure that the deal respects antitrust laws before it is approved, an official from the Vietnam Competition Authority said.

He said the law allowed mergers undertaken by businesses that hold from 30 to 50 percent of the market share in certain sectors and fields.

As AIA’s business was “considerably smaller” than Prudential’s, their coming together would not be a problem for Vietnamese regulators, the Wall Street Journal quoted Prudential’s head of Asian operations Barry Stowe as saying

Tags: AIA Vietnam, Vietnam insurance

Posted by VBN on Apr 25 2010. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry