Pru unit exits E.Sun through $121 million block

The PCA Life Assurance sell-down is tightly priced but short-covering and a positive view on Taiwanese financial stocks get the deal across the line.

PCA Life Assurance, a subsidiary of UK insurance group Prudential, has sold its remaining 3.4% stake in Taiwan’s E.Sun Financial Holding through a block trade, raising NT$3.57 billion ($121 million).

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