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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Kuwait Invest Authority to buy about $1bln of AIA shares in IPO

Posted on 04 October 2010

From Dow Jones: AIA Group Ltd., the pan-Asian life unit of American International Group Inc. (AIG), has secured around US$1 billion from the Kuwait Investment Authority for its US$10 billion-US$15 billion IPO, a person familiar with the deal said Monday.
The Gulf country’s sovereign-wealth fund is one of the cornerstone investors in AIA, which AIG is listing to help repay U.S. taxpayers after a huge government bailout in 2008……………………………………….Full Article: Source

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