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Thursday, January 13, 2011

Prudential to form PE fund with China's Fosun -sources, (NYSE: PRU)

Prudential Financial Inc (PRU.N) has agreed to form a private equity fund with China's Fosun Group, sources with direct knowledge of the plan said on Thursday. Prudential plans to invest $500 million in the fund, while Fosun has committed $100 million and would manage the fund, the sources said. (Reporting by Samuel Shen and Jacqueline Wong)

Source