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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Kuwait likely to commit US$1bln to insurer’s initial offer

Posted on 05 October 2010

From Thestar.com.my: American International Group Inc (AIG) has received a US$1bil commitment from Kuwait Investment Authority (KIA) for the initial public offer (IPO) of its Asian unit, the first major investment inked before the mega offering’s roughly US$15bil launch.
KIA, the country’s sovereign wealth fund, is among the major global institutions that have signed up as cornerstone investors ahead of AIA Group Ltd’s IPO, according to a source yesterday……………………………………….Full Article: Source

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