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RARE ALERT: Prudential said to ...

Prudential, the FTSE 100-listed insurance company, is said to have received a merger proposal for its UK and European operations ahead of the completion of its demerger into two separately-listed companies.

Earlier this week, the Financial Times suggested Germany's Allianz or a Chinese group is interested in buying the whole of Prudential.

However, sources claiming to be familiar with the matter said Prudential has been approached by a mystery company about a combination with its M&G Prudential division...