Prudential to spin off UK and European business in radical break-up

By Ben MartinLONDON (Reuters) - Britain's Prudential is to spin-off its UK and European division from its international businesses as part of a radical break-up of the 170-year-old company.The FTSE 100 insurance giant said on Wednesday that it planned to demerge M&G Prudential into a separate company with a premium listing on the London Stock Exchange and based in the UK capital.

The split will leave Prudential as a company focused on Asia, the United States and Africa. It will remain headquartered and listed in London and led by present chief.

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