M&G Group cuts its stake in Prudential

Mike Evans

M&G Group Limited, a wholly owned subsidiary of Prudential plc will be selling about 0.49% of its shareholding in Prudential.

According to a regulatory filing released by Prudential PLC, M&G Group will be selling 661,686 units of shares at GBP0.5 per share.

The company disclosed that Bovis Homes Group Plc will be the buyer of the shares. Prior to the transaction, M&G Group owns 6,841,858 units of shares which were equal to 5.08% indirect voting rights in Prudential PLC.

About M&G Group
M&G Group Limited was founded in 1931 and is based in Chelmsford, United Kingdom. M&G Group Limited operates as a subsidiary of Prudential plc.

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