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AIA raises $20.5 billion for AIG in IPO
- Source :
- Wall Street Journal. Europe. Nov 1, 2010, A27
- Publication Year :
- 2010
-
Abstract
- Surpassing expectations, American International Group Inc. raised $20.5 billion by selling two thirds of its Asian life insurance unit AIA Group Ltd. at a Hong Kong IPO. AIG is also in the process of selling its American Life Insurance Co. to MetLife Inc for $15.5 billion.
- Subjects :
- American International Group Inc. -- Subsidiaries, divisions and units
American International Group Inc. -- Finance
American International Group Inc. -- Mergers, acquisitions and divestments
AIA Group Ltd. -- Securities
American Life Insurance Co. -- Mergers, acquisitions and divestments
Insurance industry
Insurance industry
Company financing
Company acquisition/merger
Company securities
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.241110408