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Daily Dispatches: Prudential tries to restructure AIA deal

AIG and Prudential are in advanced talks to restructure the US$35.5bn sale of AIA, the US group’s Asian unit, in a move that would cut the cash consideration by about $2bn but could answer UK regulators’ last-minute objections to the deal. (Financial Times)

Agricultural Bank of China, aiming for the world’s largest-ever initial public offering, will press ahead with its plans despite weak market sentiment. (Shanghai Daily)

Bank of China will invest US$1.1bn in a railway line as Beijing encourages state-controlled financial institutions to help pay for the world’s most ambitious rail network expansion. (Financial Times)

Can CLSA retain its unorthodox image while keeping happy both its French major shareholder Crédit Agricole and its proposed Chinese joint venture partner Citic? (Wall Street Journal)

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