Prudential Prepares $17 Billion Fund-Management Unit for Spinoff

Prudential Plc is seeking investors for the U.K. asset-management division that it plans to sell off later this year.

The senior management team of M&G Prudential will present their plans for the standalone business to investors and analysts in London on Wednesday, according to a statement. M&G Prudential, which looked after 321 billion pounds ($404 billion) of client funds at the end of last year, was valued at 13.6 billion pounds in Prudential’s annual report back in March.