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Prudential May Move Headquarters to Hong Kong, Sunday Times Says

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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