AIG To Sell Its Shares In AIA Group When Lock-Up Expires In September -Reuters
17 5월 2012 - 2:37AM
Dow Jones News
American International Group Inc. (AIG) Chief Executive Robert
Benmosche said the company will sell its remaining shares of Asian
life insurer AIA Group Ltd. (1299.HK) after the lock-up period
expires in September, Reuters reported Wednesday.
Benmosche said the sale will reduce AIG's earnings
volatility.
AIG sold two-thirds of AIA in a Hong Kong initial public
offering in October 2010 and sold about $6 billion of stock earlier
this year, leaving it with a stake of about 18.6%.
Full story at
http://www.reuters.com/article/2012/05/16/aig-aia-idUSL1E8GG82420120516
-Dow Jones Newswires; 212-416-2900
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