Yesterday, American International Group Inc. (AIG) announced its plans to shed off the remaining stake in its Asian life-insurance unit – American International Assurance Group Ltd. (AIA) – following the expiry of the lock-up period in September this year.
As part of its asset-divestment strategy to payout the US government bailout loan, AIG is mulling the sale of its remaining 18.6% ownership in AIA. Previously, AIG had raised about $20.5 billion from the initial public offering (IPO) of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards