26 Jan 2004
Prudential plc’s 79 per cent shareholding in Egg
On 14 January 2004, Prudential plc (“Prudential”) announced that it was in preliminary discussions regarding a possible transaction with respect to its approximately 79 per cent shareholding in Egg.
While these discussions have been continuing Prudential has received unsolicited indications of interest from a number of other parties and, with a view to delivering value for its shareholders, Prudential has now begun a process that will give a number of potential purchasers an opportunity to make a proposal. This may or may not lead to a transaction.
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Morgan Stanley is acting for the Prudential Group and for no one else in connection with the potential transaction and will not be responsible to anyone other than the Prudential Group for providing the protections afforded to clients of Morgan Stanley nor for providing advice in relation to the potential transaction.