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Prudential PLC completes M&G spinoff

Prudential PLC on Oct. 21 completed the demerger of M&G PLC announced in early 2018.

Shareholders retained their shares in Prudential and also received shares in M&G.

Prudential announced March 14, 2018, that it planned to demerge its U.K. and Europe business from its international business, which would result in two separately listed companies.