Busy night sees four block trades hit the market

NEC offloads its entire stake in Lenovo, raising $230 million, while Prudential exits Taiwan's China Life Insurance through a $156 million transaction.

Busy night sees four block trades hit the market

It didn’t look like the most obvious day to do a deal with the US closed for Labour Day on Monday and Asian stock markets under pressure yesterday after Moody’s downgraded its outlook on the EU, but four block trades nevertheless hit the market after the close.

Perhaps the sellers wanted to get ahead of a potential sale of shares in pan-Asian life insurer AIA Group by American International Group AIG, which could...

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