Prudential plc’s proposed demerger of its UK & Europe business


Slaughter and May is advising Prudential plc on the proposed demerger of its UK & Europe business (M&G Prudential) from Prudential plc, resulting in two separately-listed companies.

M&G Prudential will be an independent, capital-efficient UK & Europe savings and investment provider, headquartered in London and holding a premium listing on the London Stock Exchange. On completion of the demerger (which is subject to shareholder and regulatory approval), Prudential plc will be a leading international insurance group focused on high-growth opportunities in Asia, the US and Africa, headquartered in London and retaining its premium listing on the London Stock Exchange, its primary listing in Hong Kong, and other listings in Singapore and New York.

Slaughter and May is advising Prudential plc on the deal with a Corporate team led by Roland Turnill (partner, in picture), Susannah Macknay (partner), Oliver Wareham (partner), Thomas Peacock (associate), Carla Edney (associate); Financial Regulation: Jan Putnis (partner), David Shone (associate), Victoria Lee (associate); Financing: Guy O’Keefe (partner), Kevin Howes (associate), Harry Bacon (associate), Kieran Turton (associate); IP&IT: Susie Middlemiss (partner), Laura Houston (associate); Pensions and Employment: Jonathan Fenn (partner), Liam Goulding (associate), Lidia Danyi (associate); Tax: Mike Lane (partner), Kyle O’Sullivan (associate)

Hong Kong: Roger Cheng (partner), Peter Lake (partner), Mike Ringer (associate), Nicola Lui (associate)

Involved fees earner: Susannah Macknay – Slaughter and May; Roland Turnill – Slaughter and May; Oliver Wareham – Slaughter and May; Thomas Peacock – Slaughter and May; Carla Edney – Slaughter and May; Roger Cheng – Slaughter and May; Peter Lake – Slaughter and May; Nicola Lui – Slaughter and May; Jan Putnis – Slaughter and May; David Shone – Slaughter and May; Victoria Lee – Slaughter and May; Guy O’Keefe – Slaughter and May; Harry Bacon – Slaughter and May; Kevin Howes – Slaughter and May; Kieran Turton – Slaughter and May; Michael Ringer – Slaughter and May; Susie Middlemiss – Slaughter and May; Laura Houston – Slaughter and May; Jonathan Fenn – Slaughter and May; Liam Goulding – Slaughter and May; Lidia Danyi – Slaughter and May; Mike Lane – Slaughter and May; Kyle O’Sullivan – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Prudential;

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Author: Michael Patrini