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Sovereign Wealth Funds Briefing - Categorized | Investment

AIG sends execs to China to discuss unit sale

Posted on 26 February 2009

From Reuters: U.S insurer American International Group has sent senior executives to China to discuss the sale of its Hong Kong-based AIA unit, a top official with China’s insurance regulator said on Thursday.

But Chinese firms’ potential bids for the embattled U.S. insurer’s Asian life insurance unit would be solely a corporate decision, saidLi Kemu, vice chairman of the China Insurance Regulatory Commission….. Full Article: Source


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