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AIG selling billion of AIA shares, to repay bail-out

AIA Group

American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.

 

Record Total of Bookrunners for AIA IPO

American International Group's application to list its main pan-Asian life insurer contained a record 11 bookrunners, people familiar with the matter said, a further sign that the company is determined to raise as much money as possible.

 

AIG Hanging On To AIA Ownership Ahead Of IPO

American International Group has reportedly scrapped plans to sell a strategic stake in its American International Assurance unit, according to Reuters.

 

AIG to name ex-Pru CEO to head AIA unit: source

American International Group Inc is expected to name former Prudential Plc Chief Executive Mark Tucker as head of AIA, as it prepares the Asian life insurance unit for an initial public offering, a source familiar with the matter said on Sunday.

 

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