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Britain's Prudential in talks to buy AIA: report

    PRUDENTIAL
    875,000+0,88%
    LONDON (Reuters) - Prudential , Britain's largest insurer, is in talks to buy the Asian operations of bailed-out insurance giant AIG in what would be one of the largest ever overseas deals by a UK firm, Sky News reported.

    Sky said Pru Chief Executive Tidjane Thiam was putting a proposal to AIG's board in New York on Saturday.

    Sky added financing for the deal, which could be worth about $25 billion, could include a 15 billion pound ($22.8 billion) share issue.

    PRUDENTIAL (PRU.LO)declined to comment.

    (Reporting by Clara Ferreira-Marques)

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