AIG raises $6.45 bn in final stake sale of AIA | Bangkok Post: news

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AIG raises $6.45 bn in final stake sale of AIA

Asian insurer AIA said Tuesday that US giant American International Group (AIG) had sold its remaining stake in the firm, raising $6.45 billion and completing an exit that started two years ago.

AIA said Tuesday that US giant American International Group (AIG) had sold its remaining stake in the firm, raising $6.45 billion and completing an exit that started two years ago.

AIG offloaded its final 13.69 percent holding for HK$30.30 ($3.90) per share, AIA said in a statement, adding that it was one of Asia's biggest secondary placements.

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