Bloomberg News

Prudential May Move Headquarters to Hong Kong, Sunday Times Says

February 26, 2012

Prudential Plc (PRU) may move its headquarters to Hong Kong from London, the Sunday Times reported, citing a review to be mentioned in the company’s annual report this week.

The move would be in response to the so-called European Solvency II regulations that increase capital requirements, the newspaper reported. The rules would force Prudential to dispose of 11 billion pounds ($17 billion) of U.K. assets, according to the newspaper.

To contact the reporter on this story: Catherine Airlie in London at cairlie@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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