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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

AXA, Metlife,Prudential,CIC in AIG unit talks

Posted on 11 December 2008

From Reuters: Insurance firms Axa SA, MetLife Inc and Prudential Plc, and China’s sovereign wealth fund CIC are all in talks to buy a unit of U.S. insurance firm AIG in a deal that is likely to fetch $10.8 billion, financial industry sources said on Wednesday.

Each of the four firms is in separate talks with AIG about buying its unit, American Life Insurance Co, or Alico, and the deal is likely to close in the new year, said the sources, who spoke on condition of anonymity….. Full Article: Source


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